Liontown Resources Achieves Record Lithium Shipment to South Korea

Liontown Resources

Liontown Resources, an Australian lithium mining company, has recently made headlines with its largest-ever shipment of spodumene concentrate, which included a significant delivery to South Korean battery manufacturer LG Energy Solution (LGES). This marks a pivotal moment for Liontown as it continues to expand its footprint in the global lithium market, essential for the burgeoning electric vehicle (EV) industry.

Strategic Partnerships and Market Expansion

This landmark shipment of 33,000 wet metric tonnes (wmt) of spodumene concentrate not only represents Liontown's largest single delivery but also signifies the commencement of its long-term offtake agreement with LGES. Approximately 11,000 wmt of this shipment was designated for LGES, with the remainder fulfilling orders for an existing short-term offtake partner.

Enhanced Production and Quality

The concentrate, boasting a weighted average grade of about 5.2% Li2O, underscores Liontown’s capability to meet the high-quality standards demanded by industry leaders in battery production. Since September, Liontown has been consistently shipping from its Kathleen Valley Lithium Operations, highlighting its ongoing efforts to ramp up production.

Long-Term Commitment

In July, Liontown and LGES reinforced their partnership by extending their initial five-year offtake agreement by an additional ten years, demonstrating a strong mutual commitment to long-term collaboration. This extension is poised to provide sustained supply stability to LGES and secure a reliable revenue stream for Liontown.