Summary
- Deal extends to 2029, ensuring stable cobalt supply.
- Supports North American battery manufacturing.
- Cobalt is essential for electric vehicle batteries.
Key Facts
| Fact | Value |
|---|---|
| Company | LG Energy |
| Partner | Electra |
| Contract Duration | Until 2029 |
Briefing: LG Energy backs North American cobalt with Electra supply deal to 2029
Strategic angle: LG Energy secures a long-term supply agreement with Electra for cobalt, vital for battery production.