Ontario to buy Ford up to 13,000 tons a year of lithium hydroxide produced by Nemaska Lithium
MONTREAL — A Quebec company building a lithium mine and production plan has signed an 11 year deal to sell products to Ford for use in electric car batteries.
"This agreement is a vote of confidence for the solidity of the project, of the quality of the product that will be produced, and, of course, a testament to the effort of the Nemaska teams," Steve Gartner, the chief financial officer of Nemaska Lithium, said in an interview Monday. Ford will also buy spodumene concentrate, a lithium ore, from Nemaska Lithium before the plant begins producing lithium hydroxide.
"One of the strong advantages that our product will have is that we have access to hydroelectricity," he said. "On top of that, we use up to 12 times less water than certain processes and more than 70 per cent less greenhouse gas emissions than other similar processes around the world."Nemaska is co-owned by Quebec's economic development agency Investissement Québec and Livent, a Philadelphia-based lithium company.
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