Elevra Lithium signs three‑year spodumene concentrate supply deal with LG Energy Solution
North American lithium producer Elevra Lithium Limited announced a binding agreement with battery maker LG Energy Solution to deliver spodumene concentrate from its Quebec operation. The contract covers a total of 240,000 dry metric tonnes over three years, beginning with shipments in 2026. The deal includes an optional uplift of up to 90,000 dmt and uses market‑linked pricing tied to lithium content. Elevra’s CEO Lucas Dow said the partnership secures a strategic customer and diversifies the company’s sales base.
Why it matters
The agreement guarantees Elevra a committed off‑take for a substantial portion of its North American Lithium output, which should support cash flow and reduce sales volatility. The market‑linked pricing lets Elevra benefit from price movements while retaining exposure to the spodumene market.
Key facts
- 1The contract provides for the supply of 240,000 dry metric tonnes of spodumene concentrate over three years. abnnewswire.net
- 2The base delivery schedule is 30,000 dmt for 2026, 60,000 dmt in each of 2027 and 2028, and 90,000 dmt in 2029. globenewswire.com
- 3Elevra may deliver up to an additional 90,000 dmt as optional volume during the term. abnnewswire.net
- 4Pricing will be linked to market rates and adjusted for lithium content. globenewswire.com
- 5The first shipment is expected in calendar year 2026. abnnewswire.net
- 6Lucas Dow, Elevra’s Managing Director and CEO, highlighted the deal as a step in the FY26 commercial strategy. globenewswire.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.