Mentioned:
Elevra Lithium has just locked down a major new supply deal with one of the world’s biggest battery makers.
What’s happening:
- Elevra Lithium (NASDAQ: ELVR) has signed a binding deal to supply LG Energy Solution with 240,000 dry metric tonnes of spodumene concentrate
Why it matters:
- This is the single largest supply deal that Elevra Lithium has ever entered with a battery maker
Going deeper:
- Elevra Lithium has publicly stated the spodumene concentrate will be supplied from their North American Lithium facility located in Quebec
- The new agreement also allows LG Energy Solution and Elevra Lithium to increase the total supply agreement up to 330,000 dry metric tonnes if both companies agree
