100,000-ton lithium supply contract… EnergyX and Trafigura sign 10-year agreement

EnergyX signed a binding 10-year offtake agreement with commodities trader Trafigura covering 100,000 tonnes of battery-grade lithium products, sourced from its Black Giant project in Chile (lithium carbonate) and Lone Star project in Texas (lithium hydroxide). Under the October 12 announcement, Trafigura will buy 66% of Black Giant's Phase 1 offtake volume and 30% of Lone Star's Phase 1 offtake volume, measured against each project's Phase 1 offtake rather than total plant capacity. The deal gives EnergyX long-term demand visibility for two early-stage projects and gives Trafigura a foothold in Western lithium supply chains. Reported figures for the Texas share vary, and the agreement's value was not disclosed. Next milestones to watch are final investment decisions and permitting at Black Giant and Lone Star, plus the timing of first production.