Ford Enters Long-Term Lithium Hydroxide Supply Agreement With Nemaska Lithium

Ford Motor Company has entered into a long-term agreement with Nemaska Lithium for the supply of lithium products, including lithium hydroxide, over an 11-year period. The deal makes Ford Nemaska Lithium’s first customer.

Ford will use lithium hydroxide produced at the Bécancour facility for manufacturing its electric vehicle (EV) batteries.

The agreement calls for the delivery of up to 13,000 tons of lithium hydroxide per year.

Nemaska Lithium’s integrated project in Canada is planned to be the first one to produce lithium hydroxide in Québec.

The lithium hydroxide produced by Nemaska Lithium should help qualify Ford vehicles for consumer tax benefits under the U.S. Inflation Reduction Act.

Lisa Drake, Ford’s vice president of EV Industrialization, Model e, says: “We are proud to work with Nemaska Lithium and its partners, Livent and Investissement Québec. The Nemaska Lithium project will be a sustainable source of lithium, supporting Ford’s ability to scale and helping us make EVs more accessible and affordable over time to millions of customers,” said Lisa Drake, Ford’s vice president of EV Industrialization, Model e.

“We are honored to have Ford as a major customer of Nemaska Lithium. This long-term agreement with a global leader in the automotive industry and in the development of electric vehicles is a tribute to the strength of Nemaska Lithium’s project and the quality of the product we will supply. It also strengthens our position as a major player in the development of the battery industry in Québec and Canada,” adds Gervais Jacques, Chairman of the Board of Directors of Nemaska Lithium.

Both Ford and Nemaska Lithium share a commitment to the development of a sustainable and socially responsible North American battery supply chain.