SQM Signs Supply Contract with LG Energy

Sociedad Quimica y Minera de Chile SA (SQM) has reached a long-term agreement to supply lithium products to LG Energy Solutions of South Korea. As part of the agreement which will run from 2021 to 2029, SQM will supply battery grade lithium carbonate and lithium hydroxide for the production of cathode material.

In total, the contract considers, approximately 55,000 tonnes of lithium carbonate equivalent.

SQM says that the agreement is an important milestone as it solidifies its position as a lithium supplier for the production of batteries for electric vehicles.

Volume 35, Issue 01

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