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LG Energy Solution secures 6-year access to battery-grade nickel, cobalt from Australian Mines

LG Energy Solution has secured 100% rights to battery-grade nickel and cobalt materials from Australian Mines Limited amid growing concerns about future supplies of raw materials. LG Energy Solution has entered into a binding long-form offtake agreement with Australian Mines Ltd. for nickel and cobalt, which will be supplied in. ....

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Easpring signs 8-year contract to buy nickel, cobalt raw materials from Lygend subsidiary

Easpring signs 8-year contract to buy nickel, cobalt raw materials from Lygend subsidiary
Chinese battery raw material supplier Beijing Easpring Material Technology Co has inked a deal with Indonesia s Halmahera Persada Lygend (HPAL) for an eight-year supply of nickel and cobalt beginning in 2021.
“Nickel and cobalt [resources] have becoming more and more important amid robust demand following strong sales of new energy vehicles (NEVs) globally… and the deal will help us secure a sufficient supply of raw materials to meet growing demand,” the company said in a filing to the Shenzhen Stock Exchange on Thursday February 4.
The supply contract specifies eight-year totals for battery-grade nickel raw materials between 43,200 tonnes and 149,040 tonnes and cobalt by-products between. ....

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