Liontown Resources, LG Energy Solution Forge $250M Partnership To Secure Lithium Supply
Portfolio Pulse from Stjepan Kalinic
Liontown Resources has entered a $250 million strategic partnership with LG Energy Solution to secure lithium supply. The deal includes a 15-year supply agreement and potential development of a lithium refinery. Liontown's stock rose over 7% on the news.
July 02, 2024 | 2:39 pm
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Liontown Resources has signed a $250 million partnership with LG Energy Solution to secure lithium supply and explore a lithium refinery. The stock rose over 7% on the news.
The partnership secures a long-term supply agreement and potential development of a lithium refinery, which is critical for Liontown's growth. The stock's immediate rise indicates positive market reception.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100