Ascend Elements lands multi‑year lithium carbonate offtake deal with Trafigura

First reported on MINING.com
30 Second Briefing
Ascend Elements has secured a multi-year offtake agreement with Trafigura for 15,000 metric tonnes of lithium carbonate, to be delivered from 2027 to 2031. This partnership leverages Ascend's hydro-to-cathode technology to produce low-carbon lithium carbonate from recycled lithium-ion batteries, while Trafigura provides global marketing and logistics. The deal aims to enhance the supply chain for battery materials in North America and Europe, supporting OEMs in meeting circularity and compliance goals, and reducing carbon, cost, and geopolitical risks.
Technical Brief
- The partnership leverages Ascend's hydro-to-cathode technology to produce low-carbon lithium carbonate from recycled lithium-ion batteries.
- Trafigura will handle global marketing and logistics, enhancing the supply chain for battery materials in North America and Europe.
- This deal supports OEMs in achieving circularity and compliance goals by providing traceable, responsibly-sourced lithium carbonate.
- Ascend's process advances domestic battery supply chains in the US and Europe, crucial for supply security.
- The agreement aims to reduce carbon, cost, and geopolitical risks in battery material supply chains.
- Trafigura expands its portfolio of recycled materials, offering them to its global customer base.
- The partnership underscores the importance of developing resilient and sustainable battery supply chains.
- Ascend Elements CEO Linh Austin emphasised the role of circularity in ensuring supply security through this collaboration.
- Trafigura's global head of metals and minerals, Gonzalo De Olazaval, highlighted the significance of this development for domestic supply chains.
Context From Recent Coverage
- Over the last 90 days, we've tracked several Mining stories, indicating a sustained focus on commodities like lithium carbonate, which is crucial for battery production and aligns with Europe's strategic interests in securing raw material supply.
- Ascend Elements' agreement with Trafigura for 15,000 metric tons of lithium carbonate between 2027 and 2031 underscores the importance of long-term supply deals in stabilising the European market's access to critical battery materials.
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