The South Korean company, which is building EV battery cells in partnership with General Motors and Stellantis in the United States and Canada, signed memoranda of understanding with Winnipeg-based Snow Lake Lithium Ltd. and Avalon Advanced Materials Inc. in Toronto Sept. 22.
“By constantly investing in upstream suppliers and establishing strategic partnerships with major suppliers of critical minerals, LGES will continue to ensure the steady delivery of our top-quality products, thereby further advancing the global transition to EVs and ultimately to a sustainable future,” he said in a release.
In addition to North American EV demand ramping up, LGES said the recently enacted U.S. Inflation Reduction Act has also “stressed the significance” of battery manufacturers building local supply chains. Both lithium miners are also focused on local processing. Snow Lake is working to develop a lithium hydroxide processing plant in the Winnipeg area, while Avalon is advancing a similar project in Thunder Bay, Ont.
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