LG Energy signs four-year supply deal for Canadian lithium concentrate
LG Energy Solution has secured 240,000 dry tonnes of spodumene concentrate from Elevra over four years. Planned deliveries begin late in 2026 from an operating mine in Quebec. The battery producer says the agreement broadens its raw-material options for North American operations, including energy storage. The concentrate can be processed into different lithium chemicals; the announced tonnage refers to feedstock, rather than finished batteries.
Economics & Markets··Evening
Concentrate deliveries are planned from Quebec
South Korean battery producer LG Energy Solution signed a four-year supply agreement with lithium producer Elevra. The deal covers 240,000 tonnes of concentrate from a Canadian mine, with deliveries planned to start later this year.[1], [2]
The company’s binding offtake agreement specifies dry tonnes of spodumene concentrate from Elevra’s operating North American Lithium mine in Quebec, Canada. LG Energy Solution plans the start for late 2026. The announcement sets an aggregate quantity over four years without providing individual annual delivery volumes.[1]
The feedstock adds another lithium sourcing route
Spodumene concentrate can be processed into lithium carbonate or lithium hydroxide for batteries. LG Energy Solution describes direct sourcing of the concentrate as an additional option alongside purchases of processed lithium chemicals. The company says the agreement broadens its raw-material flexibility across electric-vehicle and energy-storage activities in North America.[1]
Canadian supply supports a regional battery network
LG Energy Solution’s North American operations include five standalone or joint-venture production facilities. Its NextStar Energy factory is in Windsor, Canada, where production began in 2025 according to the company. Investment in that facility exceeds 5 billion Canadian dollars. The company projects up to 2,500 direct jobs when full production is reached.[1]
