EnergyX announces 10-year lithium offtake deal with Trafigura
EnergyX announced a binding agreement for Trafigura to buy 100,000 metric tons of battery-grade lithium products over 10 years from planned projects in Chile and the United States. Production and deliveries remain prospective.
Source review period: 2026-10-12
Published: · Updated:
The source does not state the event date; the period shown is the source review period.
U.S.-based EnergyX announced on October 12 a binding, 10-year offtake agreement with Trafigura. The company says the trader will purchase a total of 100,000 metric tons of battery-grade products: lithium carbonate from its Black Giant project in Chile and lithium hydroxide from its Lonestar project in Texas.
EnergyX estimates the deal at more than $2 billion using a current market-price assumption of about $20,000 per metric ton; that estimate is not a guaranteed fixed payment. The company targets commercial-scale production in 2028 and says the agreement supports financing discussions. The volume is therefore a forward purchase commitment, not lithium already delivered.
Data
Lithium offtake agreement
Trafigura committed to buy 100,000 metric tons over ten years from EnergyX’s planned Chilean and U.S. projects.
- · Occurred
Announced ten-year offtake agreement
The agreement covers 100,000 metric tons of battery-grade products from two planned projects.
Methodology
The volume is the company’s reported binding forward agreement; the value above $2 billion is its estimate based on a current-price assumption.
Updated:
Subjects and places
Subject proposals
- Energy and resourceSuggested
- Preserved editorial category/topic; broad candidate onlyenergyx.com ↗
Geographic references
Only source-provided geographic references are shown. Opening an external map is optional. Optional story maps use OpenStreetMap. Opening a map sends your IP address and this site’s address to the map provider; location data remains readable as text without loading the map.
- United States · Place role: Coverage · Place type: Country or area · Location precision: RegionalEvidence
- Explicit preserved editorial country/region; no city or national centroid inferredenergyx.com ↗