Electra and LG Energy Solution Sign Three-year Cobalt Supply This could be interpreted as good news for FT and puts more pressure on the other EV players ...
Electra will supply 1,000 tonnes of cobalt contained in a cobalt sulfate product in 2023 and a further 3,000 tonnes in each of 2024 and 2025 under an agreed pricing mechanism. In addition to the supply agreement, Electra and LG Energy Solution have agreed to cooperate and explore ways to advance opportunities across North America’s EV supply chain, including, but not limited to, securing of sustainable sources of raw materials. Financial terms of the supply agreement were not disclosed.
https://electrabmc.com/electra-and-lg-energy-solution-sign-three-year-cobalt-supply-agreement/