Stardust Power Inc., a U.S.-based producer of battery-grade lithium carbonate, has signed a non-binding Letter of Intent (LOI) with Charge CCCV LLC (C4V), an American battery technology company, to supply battery-grade lithium carbonate from its upcoming lithium refinery in Muskogee, Oklahoma. The agreement marks another milestone in Stardust Power's strategy to strengthen the domestic battery materials supply chain and support the expanding U.S. electric vehicle (EV) battery manufacturing sector.
Under the proposed framework, C4V has shared a preliminary demand forecast that outlines a phased increase in lithium carbonate purchases over the coming years. The company expects to require approximately 3,000 metric tons in 2028, increasing to 10,000 metric tons in 2029 and reaching 20,000 metric tons by 2030. The projected demand reflects C4V's plans to expand its battery manufacturing operations through joint ventures across the United States.
In addition to supply commitments, both companies will collaborate on product qualification and technical validation to ensure the lithium carbonate produced at Stardust Power's refinery meets C4V's commercial and performance requirements. While the agreement provides a roadmap for future cooperation, it remains non-binding. Final supply volumes, pricing, delivery schedules, and commercial terms will be negotiated before the execution of a definitive agreement.
The announcement further strengthens Stardust Power's commercial pipeline. Earlier, the company disclosed another non-binding agreement with a leading global trading house for the potential supply of up to 25,000 metric tons of battery-grade lithium carbonate annually over a 10-year period, with an option to extend the partnership for an additional five years. Combined, these agreements account for a significant share of the refinery's planned production capacity and could generate billions of dollars in future revenue if finalized at prevailing market prices.
Roshan Pujari, Founder and Chief Executive Officer of Stardust Power, stated that the agreement demonstrates increasing commercial confidence in the company's position within the domestic battery materials supply chain. He noted that C4V's projected demand highlights the rapid growth of battery manufacturing capacity in the United States and reinforces the need for reliable domestic sources of critical battery materials.
Baasit Ali, Vice President of Supply Chain at C4V, emphasized that building a resilient U.S. battery supply chain requires close collaboration between domestic material suppliers and battery manufacturers while meeting non-FEOC compliance standards. He added that C4V views Stardust Power as an important long-term supplier capable of supporting the company's expanding battery production requirements.
Impact on Product and Chemanalyst Chemical Prices
The agreement is expected to strengthen demand prospects for battery-grade lithium carbonate, supporting higher production utilization at Stardust Power's Oklahoma refinery as U.S. battery manufacturing expands. Although the deal is currently non-binding, it signals growing domestic consumption of lithium chemicals and reinforces long-term investment in the EV supply chain. For commodities tracked by ChemAnalyst, the development is likely to provide medium- to long-term price support for battery-grade lithium carbonate as demand improves. However, immediate price changes may remain limited because commercial terms, final offtake volumes, and deliveries are yet to be finalized under a definitive supply agreement.
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