Electra inks new cobalt supply deal with LG Energy

Published: Mar 11, 2026 17:54

Save

Electra Battery Materials (NASDAQ, TSXV: ELBM) has signed a fresh deal with LG Energy Solution that would see the company supply battery-grade cobalt to the South Korean firm through at least 2029.
The parties on Tuesday signed a new term sheet outlining Electra’s commitment to supplying 60% of the cobalt sulfates produced at its Ontario refinery, which is currently under construction. The supply agreement is valid through 2029, plus a three-year extension option.
This agreement follows an initial three-year agreement signed in 2022 and the subsequent five-year extension announced in July 2023, reflecting Electra’s updated production timelines under the contract.

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Common.Time.minsAgo

Led by 9 Academicians! Detailed Agenda Released for the 9th Conference on Frontier Energy Storage Technologies

Common.Time.minsAgo

1 hour ago

[SMM Analysis] Downstream Orders Remained Unclear, and Ternary Cathode Precursor Prices Held Steady

1 hour ago

Common.Time.hoursAgo

Tinci Materials: Net Profit Was up 181% YoY in 2025

Tinci Materials announced that in 2025, the company achieved operating revenue of 16.649 billion yuan, up 33.00% YoY; net profit was 1.362 billion yuan, up 181.43% YoY. The company planned to distribute a cash dividend of 3 yuan (tax included) for every 10 shares to all shareholders.

Common.Time.hoursAgo