UNDERGROUND MINING

Standard Lithium and Koch strike supply deal

Letter of Intent to develop market-based pricing mechanism

 Lithium demand globally is growing

Lithium demand globally is growing

Standard Lithium, a Germany-listed technology and lithium development company, has signed a Letter of Intent (LoI) with Koch Minerals and Trading (KM&T) to purchase lithium chemical off-take and procure critical raw materials.

The companies said the LoI aims to develop a market-based pricing mechanism for KM&T to procure lithium hydroxide produced by Standard Lithium at the South West Arkansas Project.

The South West Arkansas Project tests and proves the commercial viability of lithium extraction from 150,000 acres of permitted brine operations.

Robert Mintak, chief executive officer of Standard Lithium, said developing a market-based pricing off-take structure would allow KM&T to benefit from the "projected high prices for lithium chemicals in the coming decades and beyond".

"Additionally, the ability to leverage KM&T's substantial purchasing and commodity trading capabilities to optimize the price, quality and quantity of reagents required to operate the plants in the future, which is meaningful both for financing these projects as well as their successful operation" Mintak said.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining Magazine Intelligence team.

editions

Mining Magazine Intelligence Exploration Report 2024 (feat. Opaxe data)

A comprehensive review of exploration trends and technologies, highlighting the best intercepts and discoveries and the latest initial resource estimates.

editions

Mining Magazine Intelligence Future Fleets Report 2024

The report paints a picture of the equipment landscape and includes detailed profiles of mines that are employing these fleets

editions

Mining Magazine Intelligence Digitalisation Report 2023

An in-depth review of operations that use digitalisation technology to drive improvements across all areas of mining production

editions

Mining Magazine Intelligence Automation Report 2023

An in-depth review of operations using autonomous solutions in every region and sector, including analysis of the factors driving investment decisions