LG Energy Solution Signs Four-Year Lithium Supply Deal With Elevra

LG Energy Solution has secured a four-year binding offtake agreement with Canada’s Elevra Lithium, covering 240,000 tonnes of dry-mass spodumene concentrate, with deliveries scheduled to begin in 2026. The material will be drawn from Elevra’s already-operating North American Lithium project in Quebec, giving the South Korean battery maker a Canadian feedstock stream rather than one routed through more distant suppliers.

Spodumene concentrate sits upstream of the two lithium compounds LGES already buys, lithium carbonate and lithium hydroxide. By adding the raw concentrate to its procurement mix, the company says it can broaden its supply base and shift production more nimbly between EV cells and stationary energy storage systems as demand swings between the two segments.

The agreement also signals where LGES sees growth. Stationary storage has become a pressure point for cell makers as grid-scale projects expand, and North American content is increasingly attractive under local-content rules that shape which materials qualify for incentives. Elevra’s Quebec asset is already producing, which shortens the path from contract to delivered tonnes compared with greenfield projects still in development.

LGES did not disclose contract pricing, nor did it say where the Canadian concentrate will be processed into usable lithium chemicals. That gap matters, since conversion capacity remains a bottleneck in Western supply chains and determines how quickly a mine-to-cell chain can actually function outside Asia.

The 240,000-tonne volume over four years works out to a steady annual draw rather than a one-off purchase, suggesting LGES is treating Canadian spodumene as a recurring input rather than a tactical hedge. Deliveries are slated to start in 2026.