Smackover Lithium signs supply deal with LG Energy Solution

Equinor ASA

31/08/2026 15:01

Aug 31 (Reuters) - Smackover Lithium, a joint venture between Standard Lithium SLI.V and Norway's Equinor EQNR.OL, said on Monday it has signed its second commercial offtake agreement for its South West Arkansas Project with LG Energy Solution 373220.KS.
U.S.-listed shares of Standard Lithium were up 2%. 
Under the terms of the deal, the SWA project will supply LG Energy Solution with 8,000 metric tons of battery-quality lithium carbonate over a 10-year period after commercial production begins.
Smackover Lithium had signed a similar offtake agreement with commodities trader Trafigura in March.
Together, the agreements mean roughly 90% of the project's targeted offtake volume has now been committed, the company said.
The partnership is targeting a final investment decision this year.
The construction is planned to begin after FID, with first commercial production targeted for 2029.

 (Reporting by Anjana Anil in Bengaluru; Editing by Shilpi Majumdar)
 ((Anjana.Anil@thomsonreuters.com;))