ENERGYX SIGNS BINDING $2 BILLION LITHIUM SUPPY DEAL WITH TRAFIGURA

Lithium startup EnergyX said on Monday it has signed a $2 billion binding offtake to supply commodities trader Trafigura ​with the battery metal from Chile and the US, one of the largest deals ever tied to direct lithium extraction technology.

The 10-year agreement, which Reuters is first to report, comes as strong demand for lithium from the fast-growing stationary battery storage system market has offset uneven sales in the global electric vehicle market, which had been the primary user of the ultralight metal for years.

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