Nemaska inks lithium hydroxide supply agreement with Northvolt

Nemaska inks lithium hydroxide supply agreement with Northvolt

5:22 AM, 22nd August 2018
Nemaska logo

QUEBEC CITY, CANADA: Nemaska Lithium Inc has signed an agreement to supply battery grade lithium hydroxide to Northvolt AB.

On April 27, Nemaska Lithium announced an agreement in principle with Northvolt. This agreement is now superseded by a definitive 5-year supply agreement. Under this agreement, Nemaska Lithium agrees to supply, through its wholly-owned subsidiary Nemaska Lithium Shawinigan Transformation Inc and Northvolt agrees to purchase, on a take-or-pay basis, up to 5,000 but not less than 3,500 metric tonnes per year of lithium hydroxide produced at the Nemaska’s commercial plant in Shawinigan.

For a 5-year supply period commencing upon the start of commercial production at both the Shawinigan Plant and Northvolt's projected Skelleftea factory in Sweden (the "N Factory").

"We are very pleased to have moved this agreement in principle to a firm contract. Northvolt is not the only one to share our vision of a green energy future powered by lithium ion batteries. Our ongoing discussions with buyers reflect a very tight market for high purity lithium hydroxide and lithium carbonate. We continue to field inbound calls looking for supply of battery grade lithium hydroxide and carbonate. However, with approximately 90 percent of its future annual production capacity already committed, Nemaska Lithium is currently more focused on properly executing the construction and upcoming commissioning of its project to satisfy its existing clients,” said Guy Bourassa, president & chief executive officer of Nemaska Lithium.

© Worldofchemicals News



Your Comments (Up to 2000 characters)
Please respect our community and the integrity of its participants. WOC reserves the right to moderate and approve your comment.

Related News

LyondellBasell completes acquisition of A Schulman

HOUSTON, US/ LONDON, UK: LyondellBasell (LYB), has completed the acquisition of A Schulman Inc. The acquisition more than doubles LyondellBasell's ex ...

Read more
India bans import of petcoke for use as fuel

NEW DELHI, INDIA: Indian Government has banned the import of petcoke for use as fuel, but said shipments for use as feedstock in some industries were ...

Read more
Invista P8 technology used by Fujian Billion for new PTA line

KANSAS, US: Invista’s technology and licensing group, Invista Performance Technologies (IPT), and Fujian Billion Petrochemicals Co Ltd have reac ...

Read more
Evonik, Wynca forms JV to produce fumed silica in China

ESSEN, GERMANY: Evonik Industries AG and the Chinese company Wynca have agreed to form a joint venture. The new company, in which Evonik will hold 60 ...

Read more
Axalta CEO to head AkzoNobel's speciality chemicals unit

LONDON, UK: As part of the strategy to separate speciality chemicals from its paints and coatings business, AkzoNobel NV had agreed to sell 100 percen ...

Read more
Air Products to build $650 mn coal-to-syngas plant in China

LEHIGH VALLEY, US: Air Products (APD) has been awarded a long-term onsite contract to supply syngas to Jiutai New Material Co Ltd for their multi-bill ...

Read more