LG Energy signs 2nd agreement with WesCEF to expand lithium
South Korea's LG Energy Solution signed their second offtake agreement with Australia's Wesfarmers Chemicals, Energy and Fertilisers (WesCEF) on Tuesday to expand its supply chain for lithium procurement. As a part of this collaboration, WesCEF will supply 85,000 tons of lithium concentrate to LG Energy, which can produce about 11,000 tons of lithium hydroxide. The offtake agreement comes after LG Energy struck a deal for 50,000 tons of WesCEF's battery-grade lithium hydroxide in 2022. WesCEF's lithium hydroxide will be produced from the Mt. Holland lithium project in Western Australia, currently under construction and expected to commence operations by the first half of 2025. Last week, LG Energy, the biggest supplier of battery cells to electric scooter makers in India, said it plans to grow its presence in the country's passenger vehicle market. The company's India unit dominates the supply of battery cells to domestic e-scooter ...