Ford and Nemaska Lithium have signed an 11-year deal below which the American automaker will purchase lithium merchandise from the Quebec firm to be used in electrical car batteries.
On account of the deal, Ford will grow to be Nemaska’s first buyer.
The businesses issued a joint press launch saying that Ford will buy as much as 13,000 tons of lithium hydroxide per 12 months, produced on the Nemaska plant in Becancourt, Quebec, about 150 km northeast of Montreal.
The plant, presently below building, is scheduled to open in 2026 and is predicted to be the primary of its variety in Canada.
The plant will course of spodumene focus, a lithium ore mined on the Nemaska Whabouchi mine in northern Quebec, into lithium hydroxide.
Nemaska is co-owned by Quebec’s financial improvement company, Investissement Quebec and Levant, a Philadelphia-based lithium firm.
© 2023 The Canadian Press
