Livent to spend money on Nemaska Lithium, extends provide settlement with Tesla

Lithium provider Livent has introduced its participation in a consortium to accumulate the enterprise and sure belongings of Nemaska Lithium, positioned in Québec. Livent will spend money on the corporate by way of a three way partnership with The Pallinghurst Group.

Livent has additionally prolonged its multi-year lithium hydroxide provide settlement with Tesla via 2021, and has dedicated to delivering greater volumes than in 2020. Livent continues to debate the framework for a long-term provide partnership with Tesla past 2021.

Livent has additionally introduced plans to considerably cut back carbon depth throughout its operations, with the goal of reaching carbon neutrality by 2040.

Supply: Livent