Nemaska expands Johnson Matthey supply agreement
Lithium project developer Nemaska Lithium will supply Johnson Matthey with 61 000 t of lithium hydroxide from its Shawinigan plant for ten years under a modified existing supply agreement, the TSX-listed company announced on Wednesday.
Supply will start in 2021, but Nemaska pointed out that it would be entitled to, if necessary, reschedule the commencement of supply.
The Quebec-based firm recently terminated a multi-year supply agreement with Livent after the parties failed to renegotiate a revised schedule for delivery of lithium carbonate. Nemaska was supposed to start supplying Livent in April this year.
To date, Johnson Matthey has received more than 80 t of battery grade lithium hydroxide solution from Nemaska’s Phase 1 plant in Shawinigan and started receiving lithium hydroxide monohydrate earlier this month.
“Johnson Matthey has been a long-term and valued partner and customer of Nemaska Lithium. Our relationship began in 2015/16 with the financing and construction of the Phase 1 plant and we are delighted to be expanding on our initial commercial supply contract,” said CEO Guy Bourassa.
Nemaska said earlier this week that it had set a new pace for construction activities at the Whabouchi mine and Shawinigan plant, after a project cost-blowout left the company short of cash. The mine construction pace will be adjusted to start production in a “timely fashion”.
At the Shawinigan commercial plant, detailed engineering will continue, but construction is on hold until additional financing is secured. The company noted that detailed engineering should contribute to reducing construction and commissioning risks for the plant.
Nemaska needs another $375-million to complete the mine and electrochemical plant projects.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation