[SMM New Energy] Core Lithium Agrees to Sell Spodumene Stockpile to Glencore, Building Momentum for Potential Restart

Published: Feb 26, 2026 10:48

Save

A fixed-price agreement has been reached with Glencore International AG for the sale of the existing ~5,100 dmt spodumene concentrate stockpile at the Finniss Lithium Project. The pricing achieved reflects a Fastmarkets SC6 CIF China equivalent price of US$2,023/dmt at the time of sale. This transaction will be effected through the existing Finniss logistics chain to Darwin Port, building important momentum ahead of a potential operational restart at the site. Concurrently, a ~75,000 dmt lithium fines stockpile remains available for sale. Funds from the Glencore agreement are expected to be received in the June quarter of 2026.

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.hoursAgo

[SMM Analysis] Cost Provides Support, Trading Remains Sluggish—Anode Material Prices Hold Steady During Chinese New Year Holiday

Holiday Price Review: Anode Material Prices Maintained a Stable Trend. During the Chinese New Year holiday, domestic anode material prices continued the pre-holiday stability pattern, with no significant fluctuations observed.

Common.Time.hoursAgo

Foton Motor's Hybrid Solid-Liquid Battery Product Sales Reach 10,000 Units In 2025

On February 24, Foton Motor disclosed that its collaboratively developed hybrid solid-liquid batteries have achieved mass production and market launch. The company's hybrid solid-liquid battery product sales reached 10,000 units in 2025. All-solid-state batteries are currently in the stage of technology reserve and product development. Additionally, the battery-swapping heavy-duty truck business in collaboration with CATL is progressing as normal.

Common.Time.hoursAgo

Two Major Super Battery Plants Terminated

Recently, battery joint venture ACC has terminated its plans to build super battery plants in Germany and Italy. The decision to suspend the construction of battery plants in Germany and Italy was made due to considerations of shifting from nickel-based battery chemistry to lithium iron phosphate battery technology. The company had previously planned to build three super plants in Europe — in France, Germany, and Italy — with a total investment of approximately 7 billion euros. The goal was to increase ACC's battery production capacity to at least 120 GWh by 2030. However, the projects in Germany and Italy have been on hold since May 2024. With this announcement of termination, only the French battery plant will remain operational.

Common.Time.hoursAgo