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By A.J. Roan
Metal Tech News 

Electra almost triples LG cobalt deal

Updates existing supply agreement for 19,000 metric tons Metal Tech News – July 26, 2023


Last updated 7/25/2023 at 1:23pm

An exposed electric vehicle battery pack frame for a future EV.

With a 14% global market share, LG Battery Solution has quickly set itself among the top electric vehicle battery producers, with only China-based CATL (Contemporary Amperex Technology Co.) producing more.

As the only future cobalt sulfate supplier in North America, Electra Battery Materials Corp. has cut a deal to supply LG Energy Solution Ltd. with substantially more battery-grade cobalt than originally anticipated.

Piggybacking off an agreement inked in late 2022, Electra...

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