Australia's Anson Resources inks lithium carbonate supply deal with LG Energy [Reuters]
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Source: Reuters
per year from its Mexican Paradox Basin project to South Korean battery giant LG Energy Solution for an initial term of 5 years. The commodity lithium has gained quite a traction over the past few years in tandem with the global trend of transitioning into green energy with the use of electric vehicles at the forefront. However, with diminishing demand of electric vehicles from China - one of the world's largest EV market - the prices for lithium, a key ingredient of EV batteries, have fallen quite a lot in the last few months. Last month, Mineral Resources , one of Australia's top lithium producers, held onto its lithium production expansion plans citing lower lithium prices. The Paradox Lithium project, owned by the Anson Resources' unit A1 Lithium, has a production capacity of about 10,000 tpa of battery-grade Lithium Carbonate under phase 1. Report this ad The project, which is the company's lead asset, is powered through hydro and solar energy and will be supplying U.
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