Smackover Lithium signs supply deal with LG Energy Solution
SLI•Deal terms and project outlook
- Under the terms of the deal, the SWA project will supply LG Energy Solution with 8,000 metric tons of battery-quality lithium carbonate over a 10-year period after commercial production begins.
- Smackover Lithium had signed a similar offtake agreement with commodities trader Trafigura in March.
- Together, the agreements mean roughly 90% of the project's targeted offtake volume has now been committed, the company said.
- The partnership is targeting a final investment decision this year.
- Construction is planned to begin after FID, with first commercial production targeted for 2029.
Smackover Lithium signs second offtake agreement
Aug. 31 (Reuters) - Smackover Lithium, a joint venture between Standard Lithium and Norway's Equinor, said on Monday it has signed its second commercial offtake agreement for its South West Arkansas Project with LG Energy Solution.
U.S.-listed shares of Standard Lithium were up 2%.
