Liontown Resources Limited (AU:LTR) has released an update.
Liontown Resources Limited and LG Energy Solution have announced a significant strategic partnership, extending their lithium supply agreement and planning to establish a lithium refinery. The deal strengthens the long-term supply of high-quality lithium, with LG Energy Solution investing USD 250 million in Liontown’s Kathleen Valley Project in Australia, ensuring a stable production ramp-up. This collaboration marks a milestone in Liontown’s aim to become a leading supplier in the global transition to a low-carbon economy.
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