Standard Lithium-Equinor JV inks lithium offtake deal with Trafigura

Core Viewpoint - Standard Lithium's joint venture with Equinor has signed a binding offtake agreement with Trafigura to supply lithium carbonate, marking a significant step for the southwest Arkansas project [1][3]. Group 1: Joint Venture and Agreement Details - The joint venture, named Smackover Lithium, will supply Trafigura with 8,000 metric tons per year of battery-grade lithium carbonate over a 10-year period starting from the commencement of commercial production [1]. - The agreement represents over 40% of the targeted annual production capacity of 22,500 metric tons for the project's first phase, with plans to secure offtake agreements for around 80% of that output [3]. Group 2: Project Timeline and Future Expectations - Smackover Lithium anticipates reaching a final investment decision on the project in 2026, with the first production expected in 2028 [3].