How a Salt Lake in Utah Became a "New Oil Field" for South Korea's Battery Giant?
In 2028, in the seemingly desolate Paradox Basin of Utah, USA, brine rich in lithium salt will be pumped to the surface. After refinement, it will be transformed into a key material for manufacturing the "heart" of future electric vehicles—batteries. And the first batch of this lithium material has already secured its destination: LG Energy Solution’s North American factories in South Korea.
This future supply chain was clearly outlined through a contract signed on September 24, 2025. Australia’s Anson Resources announced that it had reached a final agreement with LG Energy Solution, under which it will supply up to 4,000 tons of battery-grade lithium carbonate to the latter annually starting from 2028.
Why Does This Matter?
For LG: This is a strategic move to ensure the "U.S. origin" of its raw materials, directly determining whether its customers (such as General Motors and Hyundai) can qualify for U.S. government electric vehicle subsidies.
For Anson: This means its "lithium mining dream" in Utah has gained recognition from an industry giant, making the path from blueprint to reality much more solid.
For the Market: This signals that the development of local lithium resources in North America is accelerating, aiming to reduce excessive reliance on overseas supply chains.
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