EnergyX, Trafigura use Fastmarkets lithium prices as offtake basis

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EnergyX is using Fastmarkets price data as the basis for its binding lithium offtake agreement with Trafigura, Teague Egan told Fastmarkets in an exclusive interview on Wednesday October 14. Trading ...

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href=https://www.fastmarkets.com/insights/energyx-trafigura-use-fastmarkets-lithium-prices-as-offtake-basis/><strong>Fastmarkets</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>EnergyX is using Fastmarkets price data as the basis for its binding lithium offtake agreement with Trafigura, Teague Egan told Fastmarkets in an exclusive interview on Wednesday October 14.\nTrading ...</p>\n\n<a href=\"https://www.fastmarkets.com/insights/energyx-trafigura-use-fastmarkets-lithium-prices-as-offtake-basis/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TSYY","symbol_name":"收益增强TSLA 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Shares"},"translate_title":"EnergyX、托克使用快速市场锂价格作为承购基础","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RIVC":1.5,"TSLO":0.6,"TSDD":1.5,"WATS":1.5,"HAIL":1.5,"ION":1.5,"QCLN":1.5,"DRIV":1.5,"09766":0.6,"TSLP":1.5,"KARS":1.5,"TESL":0.6,"TESC":1.5,"TEST":0.6,"TSII":0.6,"TSLW":1.5,"TLA":0.6,"TYYY":1.5,"CRSH":1.5,"TSLR":0.6,"TSYY":1.5,"TSLL":0.6,"LITP":1.5,"TSLS":1.5,"TSLG":1.5,"EVMT":1.5,"TSLY":1.5,"CLNR":1.5,"IDRV":1.5,"07766":0.6,"ILIT":1.5,"LIMI":1.5,"TSLT":1.5,"07366":0.6,"RVNL":0.6,"TSL":1.5,"TSLQ":1.5,"WBAT":1.5,"IBAT":1.5,"ELOL":0.6,"FDRV":1.5,"FXZ":1.5,"TSLK":1.5,"TSLZ":1.5,"09366":0.6,"BATT":1.5,"TSLI":0.6},"content_text":"EnergyX is using Fastmarkets price data as the basis for its binding lithium offtake agreement with Trafigura, Teague Egan told Fastmarkets in an exclusive interview on Wednesday October 14.\nTrading house Trafigura will purchase 100,000 tonnes of battery-grade lithium products from EnergyX over a 10-year term under the agreement, according to an October 12 press release.\nThe offtake agreement is the largest to date for direct lithium extraction (DLE) products according to Egan, the founder and chief executive officer of EnergyX.\nThe agreement includes lithium carbonate from EnergyX’s Project Black Giant in Chile and lithium hydroxide from its Project Lonestar in Texas, amounting to 66% of Black Giant’s phase one offtake and 33% of Lonestar’s.\nThis breaks out to 5,000 tonnes per year each of lithium carbonate and lithium hydroxide, Egan said.\nTrafigura agreement opens doors for EnergyX\nThis marks EnergyX’s first publicly announced offtake agreement, but the energy technology company has others nearing the final stages, Egan told Fastmarkets.\n“This is the first domino to fall,” he said. “We have signed MOUs (memorandums of understanding) with a variety of companies, including battery cell makers and cathode makers, that we think will move toward binding within the next handful of months.”\nHaving a top three global commodities trader like Trafigura as its first major offtake partner is “humbling” and may create new momentum for EnergyX’s business development, Egan said.\n“It unlocks so many doors having a major customer counterparty looking to offtake your product,” he said. “It opens up financing, it will mean many more customers fall into play, it means improved discussions with partners around equipment purchasing. Everything falls into place when customers sign binding agreements, and this is one of the most monumental.”\nCommercial lithium production targeted for 2028\nEnergyX is targeting 2028 for commercial-scale production, which Egan confirmed is when the 10-year offtake will begin.\n“Long-term offtake is an important step in moving projects into production, and this agreement reflects our ability to help bring strategic critical minerals projects online and build secure, diversified supply chains,” Daniel von Arx, Trafigura’s head of battery metals, said in the release.\nA significant share of the lithium products covered by the agreement will be directed to the US battery supply chain, according to the release.\n“Drawing on our logistics network and market expertise, we look forward to supplying these battery-grade lithium products to customers, supporting supply chains for the US automotive and energy storage industries,” von Arx said.\nThe production will be powered by EnergyX’s patented GET-Lit DLE and refining technology platform, which Egan said has enabled EnergyX to maintain strong cost curve fundamentals.\n“We started as just a technology company licensing our technology to existing resource owners,” Egan told Fastmarkets. “We spent tremendous time and work developing our DLE portfolio, which is one reason we’re the lowest cost producer.”\n“We can withstand some price volatility, which is something customers look for,” he added. “That even at a low it’s profitable enough for the producer to continue to produce.”\nLithium offtake valued at more than $2 billion\nThe agreement is worth more than $2 billion in revenue at current market prices, according to the release.\nFastmarkets’ weekly assessment of lithium carbonate 99.5% Li2CO3 min, battery grade, spot price ddp US and Canada was $20-23 per kg on Thursday October 15, up by 58% at the midpoint from $12.72-14.50 per kg a year earlier on October 16, 2025.\nFastmarkets’ price assessment for lithium hydroxide monohydrate LiOH.H2O, 56.5% LiOH min, battery grade, spot price ddp US and Canada was $19-23 per kg on Thursday October 15, up by 50.65% at the midpoint from $11.87-16.00 per kg a year earlier on October 16, 2025.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.50.1","shortVersion":"4.50.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2676683269","isCrawlerRequest":true}