KRLG Energy Solution, a South Korean battery manufacturer, has signed a long-term supply agreement with US-based Smackover Lithium to secure lithium carbonate for its North American energy storage market. Starting in 2029, LG will receive 8,000 metric tons of lithium carbonate annually for 10 years, totaling 80,000 tons, enough for approximately 1.8 million high-performance electric vehicles. Smackover Lithium, a joint venture between Standard Lithium and Equinor, will supply the material through its Arkansas project using low-carbon extraction methods compliant with US regulations. This move aims to localize the production of cathode materials, reducing reliance on Chinese suppliers and supporting the growing demand for energy storage systems in North America. LG is expanding its supply chain across North America, with eight production facilities already operating or under construction.
Bias read (Center): The article presents a factual report on LG Energy Solution's business strategy to strengthen its supply chain in North America, emphasizing economic and industrial development rather than taking overtly political positions. While the topic involves international trade and supply chain policies, the
