LG Chem signs lithium supply deal with Tenn. firm

This lithium minefield in Quebec, Canada is jointly owned by Piedmont Lithium. South Korea's LG Chem signed a lithium supply deal Piedmont to secure resources for its battery products. Photo courtesy of LG Chem SEOUL, Feb. 20 (UPI) — South Korea’s LG Chem announced the signing of a $75 million deal with U.S.-based Piedmont Lithium to secure 200,000 metric tons of raw materials toward the production of electric vehicle batteries. The agreement, announced Friday, allows LG Chem to acquire 6% of Piedmont Lithium, which will provide 50,000 metric tons of spodumene concentrate annually to LG Chem through 2026. Advertisement The…