Electra Battery Materials announces terms of cobalt agreement with LG Energy Solutions expands

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[{"type":"text","content":"Electra Battery Materials announces terms of cobalt agreement with LG Energy Solutions expands\n \n \n (NewsDirect)\n \n \n \n \n Electra Battery Materials Corporation CEO\nTrent Mell joined Steve Darling from Proactive to share news about the\ncompany's battery grade cobalt supply agreement with LG Energy\nSolutions.\n \n \n The agreement's\nterms have been adjusted, increasing the duration from three to five\nyears and expanding the supply volume from 7,000 to 19,000 tonnes of\nbattery grade cobalt. This increased supply will account for 80% of\nElectra's production before any planned expansions.\n \n \n Moreover, Electra and LG Energy Solutions\nwill collaborate to explore opportunities across North America's\nelectric vehicle (EV) supply chain, with a particular focus on\nsecuring sustainable sources of raw materials.\n \n \n Mell emphasized that LG Energy Solutions\nis actively reinforcing its position as a global leader in the EV\nsupply chain by making investments in Ontario and engaging in\nproductive partnerships with Canadian companies that specialize in\ncritical minerals and battery materials. This revised agreement with\nLG Energy Solutions is significant as it will provide enough material\nto produce approximately 4.5 million electric vehicles.\n \n \n This\npartnership represents a major milestone for Electra Battery Materials\nCorporation, strengthening its position as a key player in the battery\nmaterials industry and supporting the growth of the EV market in North\nAmerica. Through this collaboration with LG Energy Solutions, Electra\naims to contribute to the advancement of sustainable and efficient\nelectric transportation solutions.\n \n \n \n Contact\nDetails\n \n \n \n Proactive Canada\n \n \n +1 604-688-8158\n \n \n \n [email protected]\n \n \n \n Copyright (c) 2023 TheNewswire - All rights reserved.\n \n \n","length":2297,"tagName":"div"}]

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