6 stories tagged lithium on EV Digest.
LG Energy Solution (LGES) has cemented a decade-long agreement with Smackover Lithium, a joint venture involving Standard Lithium and Equinor, for a substantial supply of battery-grade lithium carbonate. This strategic move, sourcing 8,000 metric tons annually from the South West Arkansas Project, aims to establish a robust and localized supply chain for LGES's EV battery production.
Despite a previous hiccup with Ascend Elements, a key battery recycling facility in Georgia is back on track under new ownership. This development is set to provide a vital domestic source of lithium carbonate, bolstering the U.S. electric vehicle supply chain and easing concerns about raw material availability.
LibertyStream, a key player in the battery materials sector, has announced consistent production of battery-grade lithium carbonate over the last three months. This milestone signals improved supply stability for the critical material used in EV batteries.
Empower EIT has commenced operations at its new 17,000-square-foot facility in Dallas, where it is producing battery-grade lithium carbonate. Utilizing a direct lithium extraction (DLE) and conversion process, the company aims to supply the critical material for EV batteries. Commercial sales are projected to begin in 2027.
The market for critical battery minerals like lithium and cobalt is facing significant volatility, with prices fluctuating due to an uneven global electric vehicle market. After a period of high demand and price surges, a recent slowdown in EV sales has led to oversupply and price drops for essential raw materials.
Rock Tech Lithium is expanding its footprint in Northwestern Ontario by acquiring the Victory Project, a vast exploration property. This strategic move aims to strengthen the company's regional lithium supply chain capabilities, providing a potential future source of raw materials for EV battery production.
