FMC Corp. (FMC) Inks New Supply Agreement with Nemaska Lithium

October 31, 2016 6:39 AM EDT

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FMC Corporation (NYSE: FMC) announced a new long-term supply agreement with Nemaska Lithium, Inc. Under the agreement Nemaska will provide FMC with 8,000 metric tons per year of lithium carbonate beginning in mid-2018.

"This agreement will further diversify our supply sources while fueling our growing production of high quality, specialty lithium products," said Tom Schneberger, vice president and global business director of FMC Lithium. "We look forward to partnering with Nemaska on this important supply arrangement."

Based in Quebec, Canada, Nemaska Lithium, Inc. is constructing new lithium production capabilities of 28,000 metric tons of lithium carbonate equivalent.

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