Elevra Secures 3-Year, 240K dmt Spodumene Supply Deal with LG Energy Solution
ELVR sits 45% above its 52-week low of $23.7.
Summary
Elevra Lithium signed a binding 3-year agreement to supply 240,000 dmt of spodumene concentrate to LG Energy Solution, with up to 90,000 dmt in optional volume and market-linked pricing.
Key Events · M&A and Partnerships · ELVR
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LG Energy Solution Supply Agreement
A binding 3-year contract for 240,000 dmt of spodumene concentrate from NAL, with first shipment expected in calendar year 2026.
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Volume Schedule
Contracted base quantity: 30,000 dmt in 2026, 60,000 dmt in 2027 and 2028, and 90,000 dmt in 2029, plus up to 90,000 dmt optional volume.
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Market-Linked Pricing
Pricing is market-linked and adjusted for lithium content, retaining exposure to spodumene price movements.
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Commercial Strategy Alignment
This follows the Mangrove Lithium supply agreement and supports Elevra's strategy of building a diversified, high-quality customer portfolio ahead of the NAL expansion.
Analysis · ELVR · Energy & Transportation
Locking in a major battery manufacturer as a committed customer for a meaningful portion of NAL's production is a significant step for Elevra. The binding agreement covers 240,000 dmt of spodumene concentrate over three years, with an additional 90,000 dmt optional volume. Market-linked pricing retains upside exposure to lithium prices while providing revenue visibility. This follows a series of strategic commercial moves — including the Mangrove Lithium supply agreement and the Ewoyaa sale — as Elevra builds a diversified customer base ahead of its NAL expansion.
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At the time of this filing, ELVR was trading at $34.48 on NASDAQ in the Energy & Transportation sector, with a market capitalization of approximately $696.1M. The 52-week trading range was $23.70 to $102.80. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.