FMC and Nemaska Lithium Sign Long-Term Lithium Carbonate Supply Agreement
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Nemaska Lithium Inc. has entered into an agreement with FMC Corporation to provide FMC with 8,000t per year of lithium carbonate beginning in mid-2018. This is the second multi-year supply agreement for Nemaska Lithium, the first being with Johnson Matthey Battery Materials.
“With the signing of this second multi-year agreement, we have total purchase commitments for close to 50 percent of the corporation’s total planned production starting in mid-2018,” said Guy Bourassa, president and CEO of Nemaska Lithium.
“FMC is looking to diversify its supply sources of high quality lithium products and our proprietary process enables Nemaska Lithium to produce low cost lithium carbonate that meets FMC’s quality specifications. Our customers, including FMC, will begin receiving lithium samples from our Phase 1 Plant in 2017,” added Bourassa.
Nemaska Lithium is building a commercial Hydromet lithium plant with a name plate production capacity of 28,000t of lithium carbonate equivalent (LCE). When constructed, the Hydromet Plant will produce battery grade lithium hydroxide and lithium carbonate.
“Our production line is flexible and cost effective, allowing us to be opportunistic and address a broader lithium salts market by producing both battery grade lithium hydroxide and lithium carbonate. I believe in the long term the lithium battery market will continue to move toward lithium hydroxide chemistries and we are very well positioned in this space,” concluded Bourassa.
About FMC
For more than a century, FMC Corporation has served the global agricultural, industrial and consumer markets with innovative solutions, applications and quality products. FMC acquired Cheminova in April 2015. Revenue totaled approximately $3.3 billion in 2015. FMC employs approximately 6,000 people throughout the world and operates its businesses in three segments: FMC Agricultural Solutions, FMC Health and Nutrition and FMC Lithium.
To stop by FMC’s website, CLICK HERE
About Nemaska Lithium
Nemaska Lithium intends to become a lithium hydroxide and lithium carbonate supplier to the emerging lithium battery market. The corporation is developing in Québec one of the most important spodumene lithium hard rock deposits in the world, both in terms of volume and grade. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the corporation’s lithium compounds processing plant to be built in Shawinigan, Québec. This plant will transform the spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods developed by the corporation, and for which patent applications have been filed.
To stop by Nemaska Lithium’s website, CLICK HERE
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