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Sigma Lithium, LG Energy sign six-year agreement for supply of battery grade lithium

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Corporate developments

The offtake agreement includes increasing supply of lithium from 60,000 tons in 2023 to 100,000 tons in 2027

Canadian mining company Sigma Lithium Corporation has signed a binding term sheet for an offtake agreement on a ‘take or pay’ basis for the sale of 6% battery-grade high purity and environmentally sustainable lithium concentrate to one of the leading electric vehicle (EV) battery makers, LG Energy Solution (LGES), the company said in a press release on 5 October.

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