Stardust Power signs lithium supply deal with Charge CCCV
Stardust Power (NASDAQ: SDST) said it signed a non-binding Letter of Intent with battery technology firm Charge CCCV LLC (C4V) to supply battery-grade lithium carbonate from its Muskogee, Oklahoma refinery. C4V’s preliminary demand forecast calls for 3,000 MT in 2028, 10,000 MT in 2029, and 20,000 MT by 2030. Stardust noted the deal could cover much of planned output and generate billions if prices stay near current levels.
How this was made
The 30-second read
Why it matters
If finalized, the offtake could cover a large share of planned production and provide multi-year revenue visibility, but the non-binding status limits immediate certainty.
Market read
The disclosed phased demand forecast (2028-2030) and the domestic supply framing are likely to drive trading interest in SDST, especially after an 8.5% down day.
What to watch
Finalization risk (terms, timing, and pricing), potential changes in C4V gigafactory ramp, and whether Stardust’s refinery capacity and commissioning schedule can meet the 2028-2030 demand ramp.
Background
Stardust Power is a US lithium refiner with an Oklahoma facility, and the article frames the LOI as part of broader efforts to secure domestic battery-material supply.
Ticker impact
Stardust Power signed a non-binding LOI to supply battery-grade lithium carbonate from its Oklahoma refinery to Charge CCCV/C4V, with phased demand forecasts through 2030.
Near-term shares may remain volatile given the non-binding nature, but the disclosed demand ramp could support a bullish bias if traders view it as credible offtake momentum.
The article provides specific demand quantities (3,000 MT in 2028, 10,000 MT in 2029, 20,000 MT by 2030) and ties them to Stardust’s planned production, yet the deal is a letter of intent and not a finalized contract.
Market effects
Reinforces the US domestic lithium supply narrative and could improve sentiment toward lithium refiners tied to battery-grade offtake visibility.
Highlights Oklahoma refinery output as part of the domestic supply chain, potentially supporting regional industrial investment sentiment.
Signals continued efforts to reduce reliance on China-linked lithium supply, which can influence global pricing expectations and offtake competition.
Counterpoint
Because the LOI is non-binding, the forecasted offtake volumes may not translate into contracted revenue, so the market may over-discount the near-term impact.
Key entities
- companyStardust Power
NASDAQ-listed lithium refiner that announced a non-binding LOI to supply battery-grade lithium carbonate from its Oklahoma refinery.
- companyCharge CCCV LLC (C4V)
Battery technology company and gigafactory platform referenced as the potential offtaker via joint ventures.
- companySumitomo Corporation
Previously agreed supplier of at least 20,000 tonnes per year once Stardust’s Oklahoma refinery enters production, providing context for existing offtake plans.
- governmentUS Department of Energy
Selected Stardust for a DOE-funded research program related to next-generation lithium extraction from waste.
