08/31/2026
Smackover Lithium, a partnership between Standard Lithium and Equinor, has signed a commercial offtake agreement for the South West Arkansas Project with LG Energy Solution. Under this agreement, Smackover Lithium will supply LG Energy Solution with 8,000 metric tonnes of battery-quality lithium carbonate per year - which is worth an estimated $1.5 billion over a 10-year period.
David Park, Chief Executive Officer of Standard Lithium stated, “We are excited to be entering into this Agreement with LG Energy Solution, one of the world’s leading battery producers with a diverse and global customer base and a presence in many dynamic and growing industry segments. The Agreement further anchors our customer offtake portfolio, complementing the contract with Trafigura we announced in March of this year, and is another major milestone in the development of the SWA Project. We have now secured a vast majority of the offtake agreements needed to move forward with our Project financing plans and a Final Investment Decision. We expect this to be the beginning of a long and mutually beneficial partnership whereby we will provide LG Energy Solution with a long-term supply of U.S.-based and sustainably produced battery-quality lithium carbonate.”
Read more: https://commerce.arkansas.gov/smackover-lithium-lg-energy-solution-south-west-arkansas/