Canada Lithium, Marubeni Sign Off-Take Deal

Mining Weekly reported that lithium project developer Canada Lithium (TSX:CLQ) has signed an off-take agreement with Marubeni, a Japanese commodity trader.  The agreement will involve 25% of the company’s lithium production, and will give Marubeni the exclusive rights to distribute Canada Lithium’s lithium carbonate in Japan for three years.

As quoted in the market news:

Canada Lithium CEO Peter Secker on Thursday told Mining Weekly Online Japan remains by a significant margin the world’s most developed market for lithium-ion batteries, with modern vehicles such as Toyota’s hybrid Prius and Nissan’s electric Leaf driving a new wave of strong demand for high-grade lithium.

Click here to read the full Mining Weekly report.

Get the Latest Lithium Investing Stock Information

Get the latest information about companies associated with Lithium Investing delivered directly to your inbox.

Lithium

By selecting company or companies above, you are giving consent to receive email from those companies. And remember you can unsubscribe at any time.

resource ebook2Get the top stories on resource investing FREE! Learn what is going on before you buy from this FREE Special Report, Who is Kitco? to US Mint: Sold Out! – Top Articles from Resource Investing News.
Comments

Leave a Reply