Liontown ships first cargo to long-term customer

Liontown Resources’ (ASX: LTR) first cargo of spodumene concentrate under its long-term supply partnership with LG Energy Solution has sailed from the Port of Geraldton in WA.

The shipment comprised of two separate Liontown cargoes, totalling about 33,000wmt of spodumene concentrate with a weighted average concentrate grade of about 5.2% lithium oxide, including about 11,000wmt designated for LG Energy Solution, with the balance sold to an existing short-term offtake customer.

This marks the fourth and largest cargo shipped since Kathleen Valley Lithium Operations commenced production.

Liontown’s managing director and chief executive Tony Ottaviano says this marks the beginning of the company’s long-term offtake partnership.

“This [about] 33,000wmt shipment of spodumene concentrate is our largest to date, and I’m incredibly proud of our team’s hard work and dedication,” he said.

“We have now shipped one cargo per month since our first cargo in September, generating revenue and demonstrating continued progress on our ramp up toward becoming a reliable, major supplier of lithium to the global market.”

Liontown currently controls two major lithium deposits in WA and aims to expand its portfolio through exploration, partnerships and acquisitions.