LG Energy Solution, one of the world’s largest Li‑ion battery makers, agreed to offtake 8,000 tonnes/year of battery‑grade lithium carbonate from Arkansas‑based Smackover Lithium under a 10‑year contract beginning in 2029, the companies said on Monday. Lithium carbonate is a key feedstock for lithium‑iron‑phosphate (LFP) batteries, whose market share is growing as lower‑cost LFP displaces nickel‑based chemistries. The agreement is Smackover Lithium’s second offtake, following a March deal with T

LG Energy Solution, one of the world’s largest Li‑ion battery makers, agreed to offtake 8,000 tonnes/year of battery‑grade lithium carbonate from Arkansas‑based Smackover Lithium under a 10‑year contract beginning in 2029, the companies said on Monday. Lithium carbonate is a key feedstock for lithium‑iron‑phosphate (LFP) batteries, whose market share is growing as lower‑cost LFP displaces nickel‑based chemistries. The agreement is Smackover Lithium’s second offtake, following a March deal with Trafigura.