EnergyX signed a $2 billion, 10-year lithium supply agreement with commodities trader Trafigura Monday, giving its direct-lithium-extraction projects in Texas and Chile a major commercial outlet.

Reuters reported that the binding take-or-pay agreement covers 100,000 metric tons of lithium, split evenly between lithium hydroxide and lithium carbonate. Production is expected to begin in Chile in 2028 and Texas in 2029.

EnergyX’s GET-Lit platform uses direct lithium extraction rather than traditional evaporation ponds, combining membranes, adsorbents and solvent-based processes to recover lithium from brines. Trafigura will take 33% of planned U.S. output and 66% of Chilean supply under the agreement.

The deal follows BitcoinVersus.Tech coverage of Aramco and NESR’s lithium-from-brine project, GM-backed lithium mining investment and next-generation battery demand from AI infrastructure.

Editor’s Note: Project timing and output targets remain forward-looking until commercial production begins.