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Smackover Lithium and LG Energy Solution enter $1.5 billion partnership for lithium supply.

Aug 31, 2026•5 days ago

Contract Type

partnership

LouisianaEnergyRenewable Energy

Description

Smackover Lithium has signed a binding take-or-pay offtake agreement with LG Energy Solution for 8,000 metric tonnes per year of lithium carbonate. This partnership is valued at an estimated $1.5 billion over a 10-year period and aims to enhance the supply chain for battery production in the U.S.

Company Information

Company

Smackover Lithium

Location

Louisiana, United States

About

Standard Lithium is a leading near-commercial lithium development company focused on the sustainable development of a portfolio of large, high-grade lithium-brine properties in the United States. The Company prioritizes projects characterized by high-grade resources, robust infrastructure, skilled labor, and streamlined permitting. Standard Lithium aims to achieve sustainable, commercial-scale lithium production via the application of a scalable and fully integrated DLE and purification process.

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Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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