Marubeni to distribute Canada Lithium’s lithium carbonate in Japan

TOKYO, JAPAN: Marubeni Corporation has signed a three-year distributorship agreement of Lithium Carbonate with Canada Lithium Corp. The agreement provides for Marubeni to exclusively distribute Canada Lithium’s battery-grade lithium carbonate in Japan. Marubeni will start purchasing lithium carbonate in 2013 and has an option to purchase up to 5,000 tonne per year by 2015.

The market of Lithium Ion Batteries (LIB) and its raw materials is growing rapidly due to the spreading demand for hybrid/electric vehicles, mobile electronic apparatus and energy storage systems, while the number of companies that supply lithium carbonate is limited. Therefore many companies are longing for suppliers that can supply high-quality lithium carbonate steadily. With the agreement, Marubeni is able to supply price competitive and high-quality lithium carbonate made from low impurity ore, and support the Japanese LIB industry to grow further.

Marubeni Group is engaged in various businesses in the LIB market such as ultra-high purity lithium carbonate production, sales of LIB for various uses, sales of raw materials for LIB, and so on. The agreement will give Marubeni the base to establish a sophisticated value chain in the LIB market and meet any kind of requirement of its customers.

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