LG Energy Solution Secures Multi-Year Supply of U.S.-Produced Lithium Carbonate From Smackover Lithium
The deal covers 8,000 metric tonnes a year and brings Smackover Lithium to about 90% of its targeted initial offtake.
- On Monday, LG Energy Solution signed a binding 10-year agreement to source 8,000 tonnes of battery-grade lithium carbonate annually from Smackover Lithium, with deliveries beginning in 2029.
- Smackover Lithium, a joint venture 55% owned by Standard Lithium Ltd. and 45% by Equinor ASA, develops the South West Arkansas Project using direct lithium extraction technology to pull lithium from brine.
- This deal anchors the SWA Project's customer portfolio, with roughly 90% of targeted annual offtake volume now committed, securing LG Energy Solution's North American energy storage supply chain.
- "We are excited to be entering into this Agreement," Standard Lithium Chief Executive Officer David Park stated, noting the deal positions the company in dynamic, growing industry segments.
- The partnership targets a Final Investment Decision this year, building on previous financing interest exceeding over $1 billion from three major Export Credit Agencies to enable 2029 production.
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(Los Angeles=Yonhap News) Correspondent Kim Kyung-yoon = LG Energy Solution has signed a long-term contract to purchase lithium carbonate mined in Arkansas, USA, for approximately 2 trillion won...
Smackover Lithium Signs $15 Billion Supply Deal with LG Energy Solution for Arkansas Project
A company developing a major lithium project in South Arkansas has signed an estimated $1.5 billion agreement to supply battery manufacturer LG Energy Solution with lithium produced from the state's Smackover Formation. Smackover Lithium announced Monday, August 31st, that it entered into a binding 10-year [...]
LG Energy Solution signs a 10-year Arkansas lithium deal starting 2029
LG Energy Solution has signed a binding 10-year take-or-pay agreement for 8,000 tonnes a year of battery-grade lithium carbonate from Smackover Lithium in Arkansas, a joint venture 45% owned by Norway’s state-controlled Equinor, starting in 2029. LG signed a comparable offtake with Vulcan Energy in Germany in January 2022 that was due to begin delivering […] This story continues at The Next Web
Financial Post
Smackover Lithium Signs Binding Customer Offtake with LG Energy Solution for the South West Arkansas Project
All figures are in US dollars unless otherwise stated. LEWISVILLE, Ark., Aug. 31, 2026 (GLOBE NEWSWIRE) — Smackover Lithium, a partnership between Standard Lithium Ltd. (“Standard Lithium” or the “Company”) (NYSE.A: SLI) (TSXV: SLI), through its subsidiaries, and Equinor, through subsidiaries of Equinor ASA, announced the signing of its second commercial offtake agreement (the “Agreement”) […]
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