Standard Lithium Ltd. (NYSE: SLI ) is one of them The best penny stocks to buy according to Reddit. Standard Lithium Ltd. (NYSE:SLI) announced on March 9 that Smackover Lithium, a joint venture (JV) between Standard Lithium Ltd. and Equinor, through subsidiaries of Equinor ASA, has entered into the first business agreement with Trafigura Business LLC for a Southwest Arkansas project. Trafigura is present in battery metals markets, including lithium, and is a market leader in the global commodity industry.
Standard Lithium Ltd. (NYSE:SLI) reported that the terms of the take-or-pay agreement stated that Trafigura would supply 8,000 metric tons of battery-grade lithium carbonate per year through the JV over a 10-year period, which would begin at the start of commercial production. The pricing terms of the contract are subject to confidentiality, but are designed to support anticipated financing for the project.
It added that the JV is seeking to finalize customer offer agreements for around 80% of the 22,500 tonnes of annual nominal lithium carbonate capacity for the initial phase of the SWA project, with the first agreement representing more than 40% of the scheduled commitment. In addition, advanced commercial negotiations are underway between the JV and several additional parties, with the aim of completing the process as soon as possible.
Standard Lithium Limited (NYSE: SLI ) is involved in testing and proving the commercial viability of lithium extraction. The company’s projects include Arkansas Lithium, Lithium Brine Process, and California Lithium.
While we acknowledge the potential of SLI as an investment, we believe that some AI stocks offer higher potential and lower risk. If you’re looking for the most undervalued AI stocks that stand to benefit significantly from Trump-era tariffs and the offshore trend, check out our free report Best short-term AI stocks.
Read more: 15 Stocks That Will Make You Rich in 10 Years And the 12 best stocks that will always grow.
Disclosure: None. Follow the inside port on Google News.
