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Liontown, LG Energy Consider Lithium Refinery That Could Help Feed U.S. Battery Demand

July 2, 2024


Battery maker LG Energy Solution 373220 -1.01% and Australian lithium company Liontown Resources LTR 7.30% will jointly consider developing a refinery for producing battery-grade lithium, as companies plot new supply chains that bypass China even amid a collapse in prices for the critical mineral.

The collaboration is part of an expanded partnership between the pair that includes an investment of $250 million by LG Energy Solution in Liontown via convertible notes, and an expanded supply deal for lithium-rich spodumene concentrate from the Australian company’s Kathleen Valley project.

Read More on The Wall Street Journal