LG Energy Solution has signed a lithium spodumene concentrate supply contract with WesCEF

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LG Energy Solution has signed a lithium spodumene concentrate supply contract with WesCEF



LG Energy Solution has signed a lithium spodumene concentrate supply contract with WesCEF


On February 14th, LG Energy Solution signed a spodumene supply contract with Australian producer WesCEF. Spodumene concentrate is a processed lithium ore used to produce raw materials for lithium hydroxide and lithium carbonate.

 

LG Energy Solution will receive 85,000 tons of spodumene concentrate from WesCEF, which can produce batteries for around 270,000 high-performance electric vehicles capable of traveling over 500km on a single charge.


LG Energy Solution previously secured a five-year contract starting in 2025 to receive 50,000 tons of lithium hydroxide from WesCEF's Mount Holland project, meeting all requirements for the Australian Renewable Energy Agency subsidy.


Both companies plan to collaborate further to establish a strong supply chain for essential minerals and raw materials within the U.S. FTA region.



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Email: forest.lee@gca-kr.com

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