Nemaska Lithium has signed a memorandum of understanding with Johnson Matthey Battery Materials, under which Nemaska will build a commercial lithium plant in Shawinigan, Québec with a capacity of about 500 tons per year of lithium hydroxide and lithium carbonate, and will supply the lithium salts to Johnson Matthey for its battery material products.

“We are confident in our ability to deliver very pure lithium salts,” said Guy Bourassa, CEO of Nemaska Lithium. “Analysts and industry experts are predicting a coming shortage of lithium compounds as the lithium battery market continues to grow and companies execute on their growth plans (multiple gigafactories are under construction).”

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Source: Nemaska Lithium via Green Car Congress