Liontown Resources Ships First Spodumene Cargo to LG Energy Solution

Liontown Resources has completed its first shipment of spodumene concentrate to LG Energy Solution, fulfilling its long-term supply agreement with the South Korean battery producer. The shipment, comprising 33,000 wet metric tonnes, departed today from the Port of Geraldton in Western Australia. This milestone represents the fourth and largest cargo dispatched since Liontown’s Kathleen Valley operation commenced production in September.

In July, Liontown extended its initial five-year offtake agreement with LG Energy Solution by an additional 10 years. Under the revised deal, Liontown will supply 700 kilotonnes of spodumene concentrate during the first five years, increasing to a cumulative 1,500 kilotonnes over the subsequent 10 years.

Liontown’s managing director and CEO, Tony Ottaviano, highlighted the company’s steady operational progress. “We have now shipped one cargo per month since our first cargo in September, generating revenue and demonstrating continued progress on our ramp up towards becoming a reliable, major supplier of lithium to the global market,” he stated.

Shares of Liontown opened 1.6% lower at 60 cents following the announcement. Despite the drop, the successful shipment underscores the company’s growing momentum in the lithium market.