# 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.

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- Publisher: Newsverum
- Section: Energy
- Country: United States
- Published: 2026-10-15T23:21:06+00:00
- Updated: 2026-10-15T23:21:06+00:00
- Source review period: 2026-10-12
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*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.

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.

| date | label | description | status |
|---|---|---|---|
| 2026-10-12 | Announced ten-year offtake agreement | The agreement covers 100,000 metric tons of battery-grade products from two planned projects. | occurred |

Sources: <https://energyx.com/press-release/energyx-signs-10-year-lithium-deal-with-trafigura/> · Download data: [JSON](https://newsverum.com/api/v1/articles/energyx-trafigura-lithium-offtake-agreement-2026/data/offtake-agreement?lang=en&format=json) · [CSV](https://newsverum.com/api/v1/articles/energyx-trafigura-lithium-offtake-agreement-2026/data/offtake-agreement?lang=en&format=csv)

## Sources

- [Energy Exploration Technologies (EnergyX)](<https://energyx.com/press-release/energyx-signs-10-year-lithium-deal-with-trafigura/>) (Source checked: 2026-10-15; Published: 2026-10-12)

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