Anson Resources signs lithium carbonate offtake with LG Energy Solution
10 ktpa nameplate
Anson Resources has signed a binding offtake term sheet with LG Energy Solution (“LGES”) for the supply of 4 ktpa Li2CO3 for an initial 5 years (extendable by 5 years) from its Paradox oilfield brine DLE project in Utah.
The facility is expected to commence production in 2027 at a nameplate capacity of 10 ktpa Li2CO3. Anson proposes to extract lithium from deep confined aquifers which will be processed using SunResin absorption DLE technology.
アダマスの見解：
In March 2024’s edition of the EV Battery Lithium Monthly report, we flagged more offtake agreements were likely from LGES given they had only secured one-third of the required IRA-compliant lithium feedstock (Adamas estimate) needed for its share of 330 GWh of cell capacity in North America.
This includes some risky offtake agreements with developers, a category Paradox falls into given it is unfunded and pre-FID.
The cadence of deals from LGES into developers speaks to the lack of marketable lithium chemicals available for offtake. Paradox’s 4 ktpa Li2CO3 does not make a meaningful dent into their procurement needs. For that, an expansion of offtake with Chile’s SQM would be the lowest hanging fruit.
Thereafter, IRA-compliance may be dropped as a pre-condition, opening Argentinian and Brazilian material as likely candidates for supply.
Furthermore, the justification for vertical integration strategy is growing stronger by the month, and as such we anticipate more meaningful equity participations from LGES into mining and refining projects moving forward.
[『EV Battery Lithium Monthly』5月号より抜粋 『EV Battery Lithium Monthly』 サービスより抜粋。]
Stock image.
アダマス・インテリジェンスのアナリスト、クリス・ウィリアムズ
クリスは、アダマス・インテリジェンスのアナリストとして、世界のリチウム産業を専門に担当しています。彼はリチウムのバリューチェーンを調査・分析し、クライアントにとって実践的なビジネスチャンスを見出しています。
クリス氏は、鉱業および石油・ガス事業の業務最適化において11年の経験を持ち、データを活用した深い洞察を通じて価値を創出しています。クイーンズランド大学で機械工学を専攻し、工学の学士号および修士号を取得しており、現在はブリティッシュコロンビア大学で経営学修士（MBA）の課程を履修中です。
