Liontown sets LG offtake in stone

2nd May 2022

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia


Font size: - +

PERTH ( – Lithium developer Liontown Resources has inked a binding offtake agreement with South Korean-based LG Energy Solutions to provide, enacting a term sheet signed earlier this year.

Under the terms of the agreement, LG will purchase 100 000 t of spodumene concentrate from the Kathleen Valley operation in the first year, increasing to 150 000 t/y over the remaining four years of the five-year offtake term, which is expected to start in 2024.

The offtake agreement covers nearly one-third of Kathleen Valley’s expected start-up production capacity of some 500 000 t/y, Liontown told shareholders.

“We are delighted to have concluded negotiations with LG Energy Solution allowing us to execute our first full form spodumene concentrate offtake agreement for up to 30% of our production. This establishes the foundation for a long- term partnership and we are proud that we will be supplying lithium from the Kathleen Valley project to LG Energy Solutions, a respected global leader in the lithium battery value chain,” said Liontown MD and CEO Tony Ottaviano.

The offtake agreement with LG Energy Solutions followed an earlier one with electric vehicle manufacturer Tesla, for the supply of up to 150 000 t/y of spodumene concentrate, also starting from 2024.

Edited by Creamer Media Reporter


The content you are trying to access is only available to subscribers.

If you are already a subscriber, you can Login Here.

If you are not a subscriber, you can subscribe now, by selecting one of the below options.

For more information or assistance, please contact us at

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
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?