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Electra almost triples LG cobalt deal

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

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 will now supply LG Energy Solution with 3,000 metric tons of cobalt contained in a cobalt sulfate product in 2025 and an addit...

 

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