INOX Lithium Signs Long-Term Lithium Hydroxide Marketing Agreement with Trafigura
INOX Advanced Materials' subsidiary INOX Lithium has signed a long-term marketing agreement for lithium hydroxide with the global commodity trading company Trafigura.
According to INOX Lithium on October 6, 2026, through this contract, the volume of high-purity lithium hydroxide supplied to Trafigura will reach up to 30,000 tons by 2029.
Trafigura, a key player in the global commodity market, has recently been expanding its battery metals supply chain. Through this agreement, INOX Lithium’s high-quality lithium hydroxide will be supplied to major global electric vehicle (EV) OEMs as well as cathode materials manufacturers.
INOX Lithium began shipments of lithium hydroxide for quality approval by Samsung SDI in April 2026. Since then, the company has signed sales contracts totaling approximately 700 tons with LX International and global multinational companies.
The company is also accelerating its efforts to secure next-generation technologies. Recently, INOX Lithium signed a memorandum of understanding (MOU) with Jeongseok Chemical, a company specializing in lithium sulfide, establishing a supply chain for key solid-state battery materials. It also entered into a strategic agreement with EP Chemtech, a company specializing in battery electrolytes and additives. Through collaboration with these companies, INOX Lithium plans to secure next-generation battery material raw materials and proactively respond to global regulations by expanding a stable lithium supply chain.
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A representative from INOX Group stated, "By successfully securing a large-scale long-term marketing agreement with Trafigura, in addition to shipments to Samsung SDI and sales contracts with LX International, we have demonstrated our mass production capabilities and product competitiveness in the global market," adding, "Based on our outstanding quality and stable supply chain, we will develop into a global lithium manufacturer and supplier."
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