\t\t\t\tKey Takeaways<\/p>\n
Smackover Lithium signed a binding take-or-pay offtake agreement with LG Energy Solution for its South West Arkansas Project.
\nThe deal covers 8,000 metric tonnes a year of battery-quality lithium carbonate over a 10-year term once commercial production begins.
\nSmackover Lithium is a partnership between Standard Lithium and Equinor.
\nThe agreement is the project\u2019s second commercial offtake, following a contract with Trafigura announced in March.
\nWith most offtake now secured, the project moves closer to financing and a final investment decision.<\/p>\n
Smackover Lithium Locks In Second Offtake Deal<\/p>\n
Smackover Lithium has signed a binding customer offtake agreement with LG Energy Solution, committing supply from its South West Arkansas Project to one of the world\u2019s largest battery makers. The take-or-pay contract deepens the ties between an emerging U.S. battery<\/a> material producer and a manufacturer that supplies cells for electric vehicles and energy storage systems.<\/p>\n Smackover Lithium is a joint venture between Standard Lithium<\/a> and Equinor. The company is developing lithium extraction and processing in Arkansas, drawing on the region\u2019s brine resources.<\/p>\n Terms of the LG Energy Solution Agreement<\/p>\n Under the agreement, the South West Arkansas Project will supply LG Energy Solution with 8,000 metric tonnes a year of battery-quality lithium carbonate over a 10-year period, starting after commercial production begins. The take-or-pay structure obliges the buyer to pay for contracted volumes whether or not it takes full delivery, giving the project revenue certainty.<\/p>\n Smackover Lithium Moves Toward a Final Investment Decision<\/p>\n The contract is the project\u2019s second commercial offtake, adding to a deal with commodities trader Trafigura announced earlier in the year. With the majority of planned offtake now committed, Smackover Lithium said it has cleared a key step toward arranging project financing and reaching a final investment decision.<\/p>\n Arkansas Lithium and the U.S. Battery Supply Chain<\/p>\n Domestic lithium output remains limited even as demand grows for batteries used in vehicles and grid storage. Projects such as South West Arkansas are being positioned to supply U.S.-produced material to manufacturers building out capacity across North America, part of a broader renewable energy<\/a> supply chain taking shape in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"Key Takeaways Smackover Lithium signed a binding take-or-pay offtake agreement with LG Energy Solution for its South West…\n","protected":false},"author":2,"featured_media":140832,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[70161,315,747,733,444],"class_list":["post-140831","post","type-post","status-publish","format-standard","has-post-thumbnail","category-lg-energy-solution","tag-arkansas","tag-lg","tag-lg-energy","tag-lg-energy-solution","tag-united-states"],"_links":{"self":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/140831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/comments?post=140831"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/posts\/140831\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media\/140832"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/media?parent=140831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/categories?post=140831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/korea\/wp-json\/wp\/v2\/tags?post=140831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}