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

Published: Feb 26, 2026 10:48

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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.

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