LG Energy Solution Strengthens Partnership with WesCEF, Secures Stable Lithium Supply Chain for the North American Market
LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement
- LG Energy Solution signs a second offtake agreement with WesCEF, expands its supply chain for competitive lithium procurement
Lithium hydroxide and lithium concentrate from WesCEF's Mt. - Under the agreement, WesCEF will supply LG Energy Solution up to 85,000 tons of lithium concentrate, which could be utilized in producing around 11,000 tons of lithium hydroxide, a crucial raw material for cathodes.
- As part of its efforts to further enhance its lithium supply chain, LG Energy Solution has also secured a partnership with SQM, a global mining company based in Chile and also an investor in the Mt.
- Holland lithium project, as two companies signed a new long-term supply agreement for lithium carbonate and lithium hydroxide last year.