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0.00938967136150236 0.0164319248826292 0.00234741784037575 -0.00938967136150215 -0.00234741784037554 0.00938967136150236 0.00821596244131459 0.0105633802816903
Stock impact report

Trafigura to secure lithium supply from Smackover project in US [Yahoo! Finance]

Standard Lithium Ltd. Common Shares (SLI) 
NASDAQ:AMEX Investor Relations: annualreports.com/company/sl-industries-inc
Company Research Source: Yahoo! Finance
Trafigura has entered into a binding take-or-pay offtake agreement with Smackover Lithium to secure battery-grade lithium carbonate from the South West Arkansas (SWA) project in the US. Smackover Lithium is a joint venture (JV) between Standard Lithium and Equinor subsidiaries. The agreement includes the purchase of 8,000 tonnes per annum (tpa) for a period of ten years, totalling 80,000t. Deliveries are scheduled to commence with the start of commercial production in 2028. The SWA project initially aims to produce 22,500tpa of battery-quality lithium carbonate, with plans for further expansion. Direct lithium extraction technology will be used to extract lithium from brine resources in the Smackover Formation in southern Arkansas. The project is expected to reach its final investment decision (FID) by 2026. The offtake agreement is a part of efforts to bolster US domestic lithium production and enhance supply chain security for this crucial mineral used in battery manu Show less Read more
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