Mining News
Ford signs supply agreements with Nemaska Lithium and Albemarle
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(Kitco News) - Ford Motor Company said yesterday it inked supply agreements with Nemaska Lithium and Albemarle.
Nemaska will supply Ford with lithium products, including lithium hydroxide, over an 11-year period. The agreement calls for the delivery of up to 13,000 tons of lithium hydroxide per year. The agreement also provides that prior to commencing delivery of lithium hydroxide produced in Bécancour, Nemaska Lithium will supply Ford with spodumene concentrate from its Whabouchi mine.
Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030.
Nemaska Lithium's integrated project is planned to be the first one to produce lithium hydroxide in Québec.
"We are proud to work with Nemaska Lithium and its partners, Livent and Investissement Québec. The Nemaska Lithium project will be a sustainable source of lithium, supporting Ford's ability to scale and helping us make EVs more accessible and affordable over time to millions of customers," said Lisa Drake, Ford's vice president of EV Industrialization, Model e.
