LG Energy Solution has secured a long-term supply deal for lithium carbonate with Smackover Lithium, locking in a steady source of the critical battery material for a decade. The agreement underscores growing corporate efforts to stabilize lithium procurement amid rising demand for electric vehicle production. With lithium prices fluctuating and supply chains under pressure, such partnerships aim to mitigate risks for automakers and battery manufacturers. The move highlights the intensifying competition for raw materials in the clean energy transition.
LG Energy Solution signs 10-year lithium carbonate offtake agreement with Smackover Lithium Charged EVs
