LG Energy Solution has signed an agreement with Smackover Lithium to secure battery-quality lithium carbonate for its energy storage system (ESS) operations in North America. Under the agreement, Smackover Lithium, a partnership between Standard Lithium and Equinor, will supply 8,000 metric tonnes of lithium carbonate annually over the contract period. The material will come from the South West Arkansas Project, enabling LG Energy Solution to strengthen its locally sourced supply chain and secure cathode material that meets non-PFE requirements for lithium iron phosphate (LFP) batteries. The agreement complements LG Energy Solution’s U.S. manufacturing footprint, which includes seven production facilities, most with established LFP battery production capacity, creating a more integrated domestic supply chain from material sourcing through battery manufacturing.
Also Read: IGEL and Teguar Partners to Secure Endpoint Options for Specialized Healthcare Environments
“We are excited to be entering into this agreement with LG Energy Solution, one of the world’s leading battery producers with a diverse and global customer base and a presence in many dynamic and growing industry segments,” said David Park, CEO of Standard Lithium. “We expect this to be the beginning of a long and mutually beneficial partnership whereby we will provide LG Energy Solution with a long-term supply of U.S.-based and sustainably produced battery-quality lithium carbonate.” “We are pleased to begin this partnership with Smackover Lithium and the agreement marks another step toward establishing a solid and resilient supply chain that keeps our products competitive in key strategic markets,” said Kang Yeol Lee, Procurement Center Leader of LG Energy Solution. “By bringing both battery production and sourcing to the U.S., we will deliver competitive and sustainable products to our customers driving the global energy storage and EV markets.”
