Post by Trafigura

Trafigura has signed an offtake agreement with Smackover Lithium for 80,000 metric tonnes of US-produced battery-grade lithium carbonate over a 10-year period.   Under the agreement, Trafigura will purchase 8,000 tonnes per year from the South West Arkansas Project, with deliveries expected to begin in 2028. The project, a joint venture between Standard Lithium and Equinor, will use direct lithium extraction technology to produce lithium from brine resources in the Smackover Formation in southern Arkansas.   The agreement supports the development of domestic US lithium production, strengthening supply chain security for this critical mineral essential to battery manufacturing and technological development.   Gonzalo De Olazaval, Head of Metals and Minerals at Trafigura, commented: "We are pleased to have signed this offtake agreement with Smackover Lithium, further strengthening our North American critical minerals footprint. The SWA Project is expected to provide a reliable source of battery-grade lithium carbonate produced in the United States, enhancing domestic supply chains. We look forward to collaborating with Smackover Lithium on this strategic project and to delivering this material to customers across North America and globally."   Read the full press release here: https://lnkd.in/eh_YAS_e   #Lithium #BatteryMaterials #CriticalMinerals #ConnectingVitalResources