LG Energy Solution Signs KRW 2 Trillion Long-Term Deal to Purchase U.S.-Made Lithium Carbonate

Published: Sep 1, 2026 07:38

Save

Bloomberg and local media in Arkansas reported on August 31 local time that LG Energy Solution signed a USD 1.5 billion contract with Smackover Lithium to receive 8,000 mt/y of battery-grade lithium carbonate over 10 years starting in 2029.

Smackover Lithium is a joint venture between Norwegian oil and gas company Equinor and Canada’s Standard Lithium.

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 for 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

11 hours ago

【SMM Analysis】LFP Black Mass Prices Stable, Ternary & Cobalt-Bearing Coefficients Decline

On the raw material side, lithium carbonate and nickel sulfate prices fluctuated this week, while cobalt sulfate prices continued to decline.

11 hours ago

12 hours ago

[SMM Analysis] August Lithium Battery Recycling Sector Ternary Hydrometallurgy Was Overall Dominated by Production Cuts, Market Transactions Were Sluggish

Raw material side, prices of lithium carbonate and nickel sulphate fluctuated this week, while cobalt sulphate prices fell steadily.

12 hours ago

[SMM Analysis] Zijin Mining H1 2026: Profit Surges 68%, LCE Production Exceeds 2025 Total

12 hours ago

Related News

【SMM Analysis】LFP Black Mass Prices Stable, Ternary & Cobalt-Bearing Coefficients Decline

Aug 31, 2026 19:58

[SMM Analysis] August Lithium Battery Recycling Sector Ternary Hydrometallurgy Was Overall Dominated by Production Cuts, Market Transactions Were Sluggish

Aug 31, 2026 19:51

[SMM Analysis] Zijin Mining H1 2026: Profit Surges 68%, LCE Production Exceeds 2025 Total

Aug 31, 2026 19:28

Arenko Selected to Optimize Ørsted's 300 MW/600 MWh Iceni BESS, Europe's First Co-Located Offshore Wind Battery Project

Aug 31, 2026 18:42