Smackover Lithium Signs Supply Deal With LG Energy For Arkansas Project
Standard Lithium’s Smackover joint venture has signed a second commercial off-take agreement for its South West Arkansas lithium project with LG Energy Solution, one of the world's largest battery manufacturers. The deal follows an earlier agreement and underscores growing interest in the U.S.-based lithium resource as demand surges globally. The partnership is part of broader efforts to secure domestic supply chains amid rising global competition for critical minerals used in electric vehicles and energy storage systems. Standard Lithium’s stock rose 9.2% early Monday, reflecting investor optimism about the project's potential.
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Topics: Lithium Offtake Agreements Partnership