LG ENERGY SECURES LITHIUM SUPPLY FROM ARKANSAS

LG Energy Solution, among the world's largest lithium-ion battery producers, will purchase lithium from Smackover Lithium's Arkansas operations. The agreement marks a strategic move to secure critical raw materials needed for battery production. Lithium demand continues to accelerate as electric vehicle adoption expands globally and energy storage applications multiply. Securing domestic supply sources reduces dependency on imports and strengthens supply chain resilience. Smackover Lithium operates extraction operations in Arkansas, positioning LG Energy to access U.S.-based resources. This aligns with broader industry trends toward nearshoring and domestic sourcing of battery materials. The deal reflects LG Energy's commitment to expanding battery production capacity while addressing supply chain vulnerabilities that have affected the sector. Terms of the agreement, including volume and pricing, were not disclosed.