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- 240,000 dry metric tonnes of spodumene focus to be equipped from operational Canadian mine over 4 years
- Native provide helps rising North American ESS demand and strengthens regional worth chains
- Securing spodumene focus enhances uncooked materials flexibility throughout EV and ESS markets
SEOUL, South Korea, Oct. 8, 2026 /PRNewswire/ — LG Power Resolution (KRX: 373220) at present introduced it has signed a multi-year binding offtake settlement with Elevra Lithium for spodumene focus.
Elevra Lithium is a North American lithium producer with initiatives in Quebec, Canada, United States, and a three way partnership in Western Australia.
Beginning later this yr, Elevra Lithium will provide LG Power Resolution with 240,000 dry metric tonnes of spodumene focus over a four-year interval. The spodumene focus shall be produced at Elevra’s North American Lithium (NAL) mission in Quebec, Canada, which is already operational.
With spodumene focus set to be sourced from an operational North American mine and provide anticipated to start later this yr, LG Power Resolution is properly positioned to strengthen its responsiveness to native buyer wants whereas supporting the fast development of the regional ESS market.
To proactively reply to the rising market demand for power storage methods (ESS) in North America, LG Power Resolution has 5 standalone and three way partnership amenities within the area which might be assembly clients’ rising demand for dependable and scalable ESS options powered by LFP batteries.
NextStar Power, the standalone facility in Windsor, Canada, has been serving as a cornerstone of Canada’s rising battery ecosystem since commencing manufacturing final yr.
Backed by greater than CAD 5 billion in funding and anticipated to create as much as 2,500 direct jobs at full-scale manufacturing, the ability, mixed with native provide of spodumene focus, will reinforce the native worth chain in Canada.
Securing a secure provide of spodumene focus not solely diversifies the corporate’s uncooked materials sourcing portfolio past lithium carbonate and lithium hydroxide but additionally offers better flexibility to optimize manufacturing primarily based on evolving electrical automobile (EV) and ESS market demand and market situations. As a key intermediate feedstock that may be processed into both lithium carbonate or lithium hydroxide, spodumene focus permits better manufacturing scalability, whereas enhancing provide chain resilience and supporting a secure provide of vital battery supplies.
“This settlement with LG Power Resolution represents an necessary step in implementing the industrial technique we outlined with our FY26 annual outcomes. It offers Elevra with a dedicated buyer for a significant portion of NAL’s manufacturing whereas retaining publicity to spodumene focus market pricing,” mentioned Lucas Dow, Chief Govt Officer and Managing Director of Elevra Lithium. “Securing a number one international battery producer as a buyer additional strengthens the industrial place of NAL and helps our technique of constructing a diversified portfolio of high-quality clients as we improve manufacturing and progress the NAL growth.”
“This settlement marks one other necessary step in strengthening our uncooked materials provide chain in North America and supporting the area’s quickly rising ESS market,” mentioned Kang Yeol Lee, Procurement Heart Chief of LG Power Resolution. “By securing a secure provide of spodumene focus from an operational North American supply, we’re enhancing each the pliability and resilience of our provide chain whereas reinforcing our capability to fulfill evolving buyer demand with better pace and scale.”
About LG Power Resolution
LG Power Resolution (KRX: 373220) is a number one international producer of lithium-ion batteries for electrical automobiles, mobility, IT, and power storage methods. With greater than 30 years of expertise in revolutionary battery expertise and in depth analysis and growth (R&D), the corporate is the highest battery-related patent holder on the planet with over 100,000 patents. Its strong international community, which spans North America, Europe, and Asia, consists of battery manufacturing amenities established via joint ventures with main automakers. Dedicated to constructing sustainable battery ecosystem, LG Power Resolution goals to realize carbon neutrality throughout its worth chain by 2050, whereas embodying the worth of shared development and selling various and inclusive company tradition. To study extra about LG Power Resolution’s concepts and improvements, go to https://information.lgensol.com.
