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Canada Growth Fund

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Elevra secures a major LG lithium contract, but why does pricing remain the biggest risk?

Elevra Lithium has secured a binding 240,000-tonne spodumene supply agreement with LG Energy Solution, strengthening demand visibility for its Québec operation. However, undisclosed pricing protections, volatile realised prices, negative group operating cash flow and a planned expansion to 373,000 tonnes annually leave important questions about future profitability.