Core Lithium: Finniss Project Officially Resumes Mining Production

LG Energy Solution announced on May 19 that it signed a memorandum of understanding (MOU) with Honda and the city of Hanoi to cooperate on building public battery swapping stations for electric two-wheelers. Starting in the third quarter of this year, the parties will build around 50 battery swapping stations in major areas of Hanoi and introduce 500 electric two-wheelers to begin the demonstration project.

L&F announced on May 18 that it has completed the plant for its LFP cathode materials subsidiary, L&F Plus, and will begin start of production (SOP) at the end of the third quarter this year. L&F Plus is a wholly owned subsidiary of L&F and is responsible for the production and sales of LFP cathode materials. L&F plans to first establish an annual production capacity of 30,000 mt by the end of the third quarter this year, and expand the capacity to 60,000 mt per year by the first half of 2027 in line with growing demand from the North American energy storage system (ESS) market.