EnergyX Signs 2B Lithium Deal
Startup EnergyX has signed a two billion dollar agreement to supply Trafigura with lithium from Chile and the US. The ten-year contract relies on direct lithium extraction technology.
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EnergyX signed a $2B binding offtake agreement on Monday to supply Trafigura with battery-grade lithium from the United States and Chile over 10 years. The accord ranks among the largest commercial commitments tied to direct lithium extraction technology. Strong stationary battery storage demand has counterbalanced uneven global EV sales.
