Piedmont to Supply LG Chem with Raw Material for EV Batteries

Piedmont to Supply LG Chem with Raw Material for EV Batteries

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.

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