Lithium supplier Livent has announced an agreement to boost its ownership of a lithium hydroxide development project called Nemaska Lithium to 50%. Livent says it expects the site in Quebec, Canada to begin production in 2025.
“We believe that Nemaska, as a large and low-cost integrated lithium hydroxide project, will be an important part of the supply of sustainable critical battery materials,” said Livent CEO Paul Graves. “Nemaska is strategically located to serve growing lithium demand in North America and Europe.”
Livent has performed an optimization study of Nemaska aimed at improving the value chain from the mine to battery-grade materials, and expects the conclusions and a final construction decision by the end of the third quarter of 2022.
Livent expects Nemaska to have a capacity of 34,000 metric tons of battery-grade lithium hydroxide.
Source: Livent
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