LG Energy inks cobalt, lithium supply deals with three Canadian miners
Electra, Avalon and Snowlake will supply LG with 7,000 tonnes of cobalt sulfate, 55,000 tonnes of lithium hydroxide and 200,000 tonnes of lithium hydroxide respectively.
The funds will be used to support a mini-pilot to confirm certain process design criteria and improvements to the NICO project metallurgical processes in Canada's Northwest Territories. .
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the US EV supply chain.