LG Energy Solution has signed a six-year deal with Australian Mines Limited to secure supply and rights for battery-grade nickel produced at the latter’s mines.
Through this agreement, LG Energy will be provided with 71,000mt of nickel beginning from the end of 2024.
LG Energy will then utilize the material to create batteries for approximately 1.3 million high-performance electric vehicles with a range of 500km. The material will be distributed as mixed hydroxide precipitate from the Sconi Project in North Queensland.