By Digifin Pty Ltd · About this coverage
Key Points
- Binding agreement for 240,000 dmt of spodumene concentrate from North American Lithium in Québec
- Base quantity: 30,000 dmt in 2026, 60,000 dmt in 2027 and 2028, 90,000 dmt in 2029
- Up to 90,000 dmt of optional volume, subject to agreement between both parties
- Market-linked pricing adjusted for lithium content
- First shipment expected to be delivered in calendar year 2026
About Elevra (ASX:ELV)
Elevra Lithium Limited is an ASX- and Nasdaq-listed lithium company headquartered in Brisbane. It operates the North American Lithium spodumene operation in Québec, Canada, and holds lithium project interests in Canada, the United States and Western Australia.
Elevra (ASX:ELV) Lithium signed a binding agreement to supply LG Energy Solution with spodumene concentrate from North American Lithium (NAL) in Québec, which the company says gives it a committed customer for part of NAL production while keeping exposure to market pricing.
The agreement covers an aggregate 240,000 dry metric tonnes (dmt) of spodumene concentrate over a three-year term starting from the first shipment, which is expected to be delivered in calendar year 2026. The contracted base quantity comprises 30,000 dmt in 2026, 60,000 dmt in 2027 and 2028, and 90,000 dmt in 2029. Elevra may also supply up to 90,000 dmt of optional volume over the term. Pricing is market-linked and adjusted for lithium content. Elevra says the agreement is aligned with its strategy of building strategic customer relationships and a more diversified sales portfolio for NAL with improved commercial terms.
The optional volume is subject to agreement between both parties. The release does not state an expected contract value or what share of NAL production the base quantity represents.
Source: Elevra Lithium Limited (ASX:ELV), 8 October 2026. Summary content supplied by Digifin Pty Ltd.
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