Automotive / EVs

LG Energy Solution and Liontown Resources fortify their collaboration in the global lithium sector

Time Stamp: July 3, 2024 1:41 AM
Source Node: 2960344

Republished by Plato

LG Energy Solution and Liontown Resources fortify their collaboration in the global lithium sector

LG Energy Solution and Liontown Resources Limited (Liontown) entered into a strategic partnership aimed at fortifying their long-term collaboration in the global lithium sector. The companies signed a convertible note subscription agreement, an extended offtake agreement for the supply of high-quality lithium spodumene from Liontown’s Kathleen Valley project, and a downstream collaboration agreement to explore the feasibility of establishing a lithium refinery that has the potential for long-term value creation.

The partnership between LG Energy Solution and Liontown signifies a mutual commitment to advancing sustainable and stable lithium solutions globally and underscores the companies’ shared commitment to innovation and value creation. The agreement will be formalized at a ceremony scheduled to take place on July 4th at LG Energy Solution headquarters in Seoul, Korea.

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