Johnson Matthey has procured more than 80 tonnes of battery grade lithium hydroxide solution till date from Nemaska Lithium’s Phase 1 Plant in Shawinigan
Nemaska Lithium Inc has reportedly announced that it has expanded and modified its long-term supply agreement with Johnson Matthey Plc for battery grade lithium hydroxide.
Seemingly, as part of the agreement, Nemaska Lithium confirms to supply Johnson Matthey, on the basis of take-or-pay, with a total of 61,000 tonnes of lithium hydroxide through Nemaska Lithium Shawinigan Transformation Inc., its wholly-owned subsidiary, produced in Shawinigan at its company’s commercial plant.
In this regard, Johnson Matthey has agreed on a 10 year agreement with Nemaska Lithium which is scheduled to begin in the year of 2021.
Nemaska Lithium is allowed, if necessary, to reschedule commencement of its supply period within parameters defined in the agreements on the basis of ramping up, anticipated commissioning, and date to start production at the Shawinigan plant.
Johnson Matthey has overall received over 80 tonnes of battery grade lithium hydroxide solution till date from Phase 1 Plant of Nemaska Lithium in Shawinigan, as well as began receiving lithium hydroxide monohydrate in this month.
This latest agreement has built on the strong collaboration between Nemaska Lithium and Johnson Matthey which, started in 2016, and will completely support the commercialization of Matthey’s eLNO portfolio, sources mentioned.
Nemaska Lithium’s President and CEO, Guy Bourassa, stated that Johnson Matthey is one of the firm’s long-term and valued partners. The relationship between the companies began in 2015/2016 with the funding and construction of the Phase 1 Plant and now expands their initial commercial supply contract, he remarked.
For the uninitiated, Nemaska Lithium Inc. is a leading chemical company that has vertically integrated activities, from commercialized market of high-purity lithium carbonate and lithium hydroxide to spodumene mining.
Allegedly, these lithium salts are mainly intended for the fast-growing market of lithium-ion battery which is influenced by the increasing demand for energy storage and electric vehicles across the world. With its processes and products, the company says it aims to smoothen access to green energy that would benefit humanity.