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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.
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.
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