Overview
- The binding agreement supplies Trafigura with 8,000 metric tonnes per year of battery-grade lithium carbonate for a decade, with pricing terms confidential.
- The deal covers more than 40% of the joint venture’s initial offtake goal as it pursues agreements for roughly 80% of the planned 22,500‑tpa Phase 1 capacity.
- Deliveries are slated to begin with the start of commercial production, which Standard Lithium targets for 2028 in south Arkansas.
- The offtake is structured to support project financing and a 2026 Final Investment Decision, building on prior indications of interest for over $1 billion in debt.
- The Standard Lithium–Equinor venture plans direct lithium extraction from Smackover Formation brines to bolster U.S. battery supply chains, and Trafigura says it will market the material in North America and globally.