LG Energy signs lithium carbonate deal with Smackover
2026-09-01
LG Energy Solution has finalized a pivotal binding offtake agreement with Smackover Lithium, a joint venture between Standard Lithium and Equinor, for 8,000 tonnes of battery-quality lithium carbonate annually over the next decade. Sourced from the South West Arkansas (SWA) Project and produced in the US using direct lithium extraction (DLE), this deal significantly bolsters LG Energy Solution's domestic supply chain and supports the growing demand for sustainable, regionally sourced battery materials in North America. The agreement underscores a strategic push towards localized raw material procurement to meet burgeoning EV and energy storage market needs while adhering to evolving regulatory frameworks.
