Piedmont to Supply LG Chem with Raw Material for EV Batteries

February 17, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Piedmont Lithium (NASDAQ:PLL) (Bessemer City, North Carolina) has signed a binding four-year offtake agreement with LG Chem Limited (Seoul, South Korea) to supply 50,000 metric tons per year of spodumene concentrate from Piedmont's jointly-owned North American Lithium operation in Canada. LG Chem plans to use the lithium-ore raw material to support electric vehicle (EV)-battery production.

Industrial Info is tracking 27 projects in the U.S., worth $3.3 billion, that involve the extraction, processing and recycling of lithium for batteries.