Lg energy solution secures multi-year lithium carbonate supply from compass minerals

Lges to be supplied with 40 percent of compass minerals' annual lithium carbonate production over six years, expected to start in 2025 the partnership embodies lges's efforts in securing a stable critical mineral supply chain in north america while promoting a sustainable value chain seoul, south korea , nov. 10, 2022 /prnewswire/ -- lg energy solution (lges; krx: 373220) signed a binding offtake agreement this week on the purchase of battery-grade lithium carbonate with compass minerals (nyse: cmp), a u.s. producer of essential minerals, to sustainably enhance the stability of its critical mineral supply chain. the agreement, set to begin in 2025, is for a six-year term, with lges receiving 40 percent of compass minerals' anticipated annual production of 11,000 metric tons during phase 1 of the lithium brine development project at its ogden, utah operation site on the great salt lake.
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