Monitor future announcements for first shipment timing and pricing disclosures, as well as any updates on NAL expansion progress. The agreement provides revenue visibility for a meaningful portion of NAL production through 2029.
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Executive Summary
Elevra Lithium announced a binding three-year spodumene concentrate supply agreement with LG Energy Solution for 240,000 dry metric tonnes (dmt) total, with first shipments expected in 2026. This secures a major battery manufacturer as a committed customer for a meaningful portion of NAL's production, supporting Elevra's commercial strategy and NAL expansion.
Key Facts
- Binding three-year spodumene concentrate supply agreement with LG Energy Solution
- Total contracted base quantity: 240,000 dry metric tonnes (dmt)
- Volume schedule: 30,000 dmt in 2026, 60,000 dmt in 2027 and 2028, 90,000 dmt in 2029
- Optional volume up to 90,000 dmt over three years, subject to agreement
- Market-linked pricing adjusted for lithium content
- First shipment expected in calendar year 2026
Financial Impact
240,000 dmt of spodumene concentrate over three years at market-linked pricing; no dollar value disclosed
Risk Factors
- Market-linked pricing exposes revenue to spodumene price volatility
- Optional volume subject to future agreement — not guaranteed
- Execution risk on first shipment timing and NAL production ramp
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001140361-26-039136 |
| Document: 0001140361-26-039136-index-headers.html | 0001140361-26-039136 |
| Document: 0001140361-26-039136-index.html | 0001140361-26-039136 |
| Document: 0001140361-26-039136.txt | 0001140361-26-039136 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 26, 2026 1d ago | Press Release | $24.90 | awaiting T+5 | — | $27.41 (+10.08%) |
Oct 22, 2026 5d ago | 6-K | $23.53 | awaiting T+5 | — | $27.41 (+16.49%) |
Oct 20, 2026 7d ago | Press Release | $26.94 $27.41 | ▲ +1.74% | ▲ +1.67% | $27.41 (+1.74%) |
Oct 16, 2026 11d ago | 6-K | $26.09 $24.90 | ▼ −4.56% | ▼ −4.42% | $27.41 (+5.06%) |
Oct 8, 2026 19d ago | 6-K | $33.61 $27.45 | ▼ −18.33% | ▼ −16.36% | $27.41 (−18.45%) |
Oct 1, 2026 26d ago | 6-K | $37.08 $33.61 | ▼ −9.36% | ▼ −10.52% | $27.41 (−26.08%) |
Oct 1, 2026 26d ago | Press Release | $37.08 $33.61 | ▼ −9.36% | ▼ −10.52% | $27.41 (−26.08%) |
Sep 30, 2026 27d ago | Press Release | $39.02 $34.71 | ▼ −11.05% | ▼ −12.96% | $27.41 (−29.75%) |
Aug 7, 2026 11w ago | Press Release | $60.34 $64.86 | ▲ +7.49% | ▲ +7.09% | $27.41 (−54.57%) |
Aug 4, 2026 12w ago | 6-K | $54.17 $59.69 | ▲ +10.19% | ▲ +10.29% | $27.41 (−49.40%) |
US Market Status
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