https://www.miningweekly.com
Energy|LG|Sustainable
Energy|LG|Sustainable
energy|LG|sustainable

Sigma Lithium receives letter of arbitration from LG Energy Solution

20th March 2024

By: Reuters

  

Font size: - +

Sigma Lithium said on Tuesday its unit received an initiation letter of arbitration from South Korean company LG Energy Solution.

In its request for arbitration, LG Energy alleges that Sigma Lithium is in breach of certain provisions in connection to a lithium supply agreement entered in 2021.

"The claims are completely without merit and intends to defend its interests vigorously," Sigma said in a statement.

US-listed shares of Sigma were down 1.6% at $12.35 in extended trade.

In 2021, Sigma and LG Energy had entered into a six-year offtake agreement for battery grade sustainable lithium concentrate scales from 60 000 t/y in 2023 to 100 000 t/y from 2024 to 2027.

Edited by Reuters

Comments

Showroom

Willard
Willard

Rooted in the hearts of South Africans, combining technology and a quest for perfection to bring you a battery of peerless standing. Willard...

VISIT SHOWROOM 
SMS group
SMS group

At SMS group, we have made it our mission to create a carbon-neutral and sustainable metals industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Photo of Martin Creamer
On-The-Air (12/04/2024)
12th April 2024 By: Martin Creamer

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.119 0.157s - 107pq - 2rq
1:
1: United States
Subscribe Now
2: United States
2: