Ford Signs Lithium Supply Agreement with Canada's Nemaska

May 23, 2023--Researched by Industrial Info Resources (Sugar Land, Texas)--Ford Motor Company (NYSE:F) (Dearborn, Michigan) recently signed a purchase agreement with lithium producer Nemaska Lithium Incorporated (Montreal, Quebec) to secure a supply of the battery metal for Ford's manufacture of electric vehicles (EVs). Industrial Info is tracking $1 billion of active Nemaska projects in Canada.

The deal between Ford and Nemaska calls for the delivery of up to 13,000 tons of lithium hydroxide per year from Nemaska's Bécancour site for an 11-year period.