Easpring And ProLogium Sign A Cooperation Framework Agreement On Solid-State Batteries

On February 9, MGL announced that the company plans to invest 929 million yuan to build an annual 30,000-ton lithium-ion battery cathode material project. The first phase will involve an investment of 737 million yuan, while the second phase will require 192 million yuan. The project is expected to achieve an annual production capacity of 5,000 tons of high-voltage lithium cobalt oxide, 10,000 tons of NCA material, and 15,000 tons of ultra-high nickel ternary material. The total construction period for the project is 36 months, divided into two phases: the first phase will take 21 months, and the second phase will take 15 months.

PLS announced that it has entered into a 2-year spodumene concentrate offtake agreement with Canmax Technologies, covering annual supply of 150kt, with an option to extend the agreement for an extra 12 months. The agreement sets a floor price of USD1,000/t on an SC6 basis, with no upside price cap, providing downside protection while retaining full exposure to price increases. Meanwhile, Canmax will provide a USD100 million unsecured, interest-free prepayment, which will be offset against future spodumene deliveries. Supply is scheduled to commence in 2026, subject to receipt of the prepayment, with material sourced from PLS’ Pilgangoora operation. The agreement is expected to enhance PLS’ near-term liquidity while maintaining production and sales flexibility through optional volumes.

The industrialization of solid-state battery anodes follows a clear technological progression, closely linked to the maturity of the electrolyte system: first, compatibility and improvement—silicon-based/composite anodes; second, upgrading and breakthroughs—pre-lithiation/composite lithium metal anodes; and third, the ultimate goal—pure lithium metal anode capacity deployment.