Long term contracts prevail for lithium and cobalt as EV supply chain prepares for growth spurt

By Simon Moores, Managing Director, Benchmark Mineral Intelligence

SQM’s lithium contract with LG Chem is the latest in a string of long-term battery supply chain deals to be made public in 2020, a clear signal of the growing urgency among automakers to lock in critical inputs to fuel their push to electrification ahead of a growth spurt in 2021.

Today, SQM announced a 55,000 tonne LCE (lithium carbonate equivalent) deal with LG Energy Solutions, the newly formed auto battery spin-off from LG Chem, for a contract to begin in 2021 and end in 2029 . . .

Fill in the form below to continue reading this Benchmark Membership article for free.

Already a Benchmark Membership subscriber? Login here to read this article.