{"id":60060,"date":"2024-02-14T16:51:06","date_gmt":"2024-02-14T16:51:06","guid":{"rendered":"https:\/\/news.pakistaninewspaperlist.com\/lg-energy-signs-2nd-agreement-with-wescef-to-expand-lithium-the-express-tribune\/"},"modified":"2024-02-14T16:51:06","modified_gmt":"2024-02-14T16:51:06","slug":"lg-energy-signs-2nd-agreement-with-wescef-to-expand-lithium-the-express-tribune","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/lg-energy-signs-2nd-agreement-with-wescef-to-expand-lithium-the-express-tribune\/","title":{"rendered":"LG Energy signs 2nd agreement with WesCEF to expand lithium | The Express Tribune"},"content":{"rendered":"
\n

\u00a0South Korea’s LG Energy Solution\u00a0signed their second offtake agreement with Australia’s Wesfarmers Chemicals, Energy and Fertilisers (WesCEF)\u00a0on Tuesday to expand its supply chain for lithium procurement.<\/p>\n

As a part of this collaboration, WesCEF will supply 85,000 tons of lithium concentrate to LG Energy, which can produce about 11,000 tons of lithium hydroxide.<\/p>\n

The offtake agreement comes after LG Energy struck a deal for 50,000 tons of WesCEF’s battery-grade lithium hydroxide in 2022.<\/p>\n

WesCEF’s lithium hydroxide will be produced from the Mt. Holland lithium project in Western Australia, currently under construction and expected to commence operations by the first half of 2025.<\/p>\n

Last week, LG Energy, the biggest supplier of battery cells to electric scooter makers in India, said it plans to grow its presence in the country’s\u00a0passenger vehicle market<\/a>.<\/p>\n

The company’s India unit dominates the supply of battery cells to domestic e-scooter makers such as SoftBank Group\u00a0-backed Ola Electric\u00a0and domestic rival TVS.<\/p>\n

In 2023, the South Korean company signed a supply deal with Chile’s SQM to source 100,000 tons of lithium for seven years.<\/p>\n

Lithium is widely used in a variety of industries, particularly rechargeable lithium-ion batteries, which power everything from smartphones and laptops to electric vehicles and grid-scale energy storage systems.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

\u00a0South Korea’s LG Energy Solution\u00a0signed their second offtake agreement with Australia’s Wesfarmers Chemicals, Energy and Fertilisers (WesCEF)\u00a0on Tuesday to expand its supply chain for lithium procurement. As a part of this collaboration, WesCEF will supply 85,000 tons of lithium concentrate to LG Energy, which can produce about 11,000 tons of lithium hydroxide. The offtake agreement […]<\/p>\n","protected":false},"author":2,"featured_media":60061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/i.tribune.com.pk\/media\/images\/LG1707903980-0\/LG1707903980-0.jpg","fifu_image_alt":"","footnotes":""},"categories":[8],"tags":[],"class_list":["post-60060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-technology"],"acf":[],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t