LG Energy Solution Signs Lithium Supply Agreement with Smackover in Arkansas

Published: Sep 19, 2026 20:55
LG Energy Solution, one of the world's largest lithium-ion battery manufacturers, has agreed to procure a key raw material from Smackover Lithium. Under the terms of the agreement announced on Monday, Smackover Lithium will supply 8,000 mt of battery-grade lithium carbonate annually to LG Energy Solution over a 10-year period starting in 2029. Lithium carbonate is a critical raw material for LFP batteries. As LFP batteries gain market share as a lower-cost alternative to nickel-based battery chemistries, their adoption continues to rise. This agreement marks Smackover Lithium's second offtake deal, following a battery-grade lithium carbonate offtake agreement signed with Trafigura in March.

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