Ford Motor (F) and Nemaska Lithium enter long-term lithium hydroxide supply agreement
Ford Motor Company (NYSE: F) has entered into a long-term agreement with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period. The agreement calls for the delivery of up to 13,000 tons of lithium hydroxide per year. The agreement also provides that prior to commencing delivery of lithium hydroxide produced in
"We are proud to work with Nemaska Lithium and its partners, Livent and Investissement Québec. The Nemaska Lithium project will be a sustainable source of lithium, supporting Ford's ability to scale and helping us make EVs more accessible and affordable over time to millions of customers," said
Nemaska Lithium is committed to the manufacturing and sale of high-quality battery-qualified lithium hydroxide and, like Ford, is committed to establishing sustainable and responsible practices in all its operations. The lithium hydroxide that will be produced by the
"We are honored to have Ford as a major customer of Nemaska Lithium. This long-term agreement with a global leader in the automotive industry and in the development of electric vehicles is a tribute to the strength of Nemaska Lithium's project and the quality of the product we will supply. It also strengthens our position as a major player in the development of the battery industry in
Nemaska Lithium is owned in equal parts by Investissement Québec, the economic development agency of the
"We are excited to support