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FMC signs long-term lithium carbonate supply agreement with Nemaska Lithium

FMC Corporation announced a new long-term supply agreement with Nemaska Lithium, Inc. Under the agreement Nemaska will provide FMC with 8,000 metric tons per year of lithium carbonate beginning in mid-2018.

Based in Quebec, Canada, Nemaska Lithium, Inc. is constructing new lithium production capabilities of 28,000 metric tons of lithium carbonate equivalent.

Nemaska is developing a spodumene lithium hard rock deposit. The spodumene concentrate produced at Nemaska Lithium’s Whabouchi mine will be shipped to the company’s lithium compounds processing plant to be built in Shawinigan, Quebec. This plant will transform spodumene concentrate into high purity lithium hydroxide and carbonate using the proprietary methods.

This agreement will further diversify our supply sources while fueling our growing production of high quality, specialty lithium products.

—Tom Schneberger, vice president and global business director of FMC Lithium



This is one of many (6+) lithium mines to potentially open in Canada in the next 5+ years, if demand and price keep up.

At the rate of about 30,000 tons/year each, it me be enough to feed a few large battery factories for 10 to 20 years.

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