Nemaska Lithium: Lithium Hydroxide the ‘Chemical Compound of Choice’ for New Batteries

- January 27th, 2015

Wanda Cutler of Nemaska Lithium on the company’s proprietary process for producing lithium hydroxide directly from spodumene concentrate.

At Cambridge House International’s 2015 Vancouver Resource Investment Conference, Resource Investing News spoke with Wanda Cutler of Nemaska Lithium (TSXV:NMX,OTCQX:NMKEF) about the company’s proprietary process for producing lithium hydroxide directly from spodumene concentrate.

As head of the investor relations program at the company, Cutler was able to give an overview of what makes the process unique, why it’s advantageous and why Nemaska is largely the only company taking such an approach (Neometals (ASX:NMT) in Australia is also targeting direct production of hydroxide, but the process it’s looking at is a bit different). She also talked a bit about Nemaska’s Whabouchi deposit in Quebec, which the company is also developing.

Finally, when asked about the hype surrounding Tesla Motors’ (NASDAQ:TSLA) lithium-ion battery gigafactory — and what it would mean for the lithium market if that excitement turns out to be overdone — Cutler was confident in Tesla’s market predictions, and also pointed out that the electric vehicle manufacturer is “not the only game in town.”

“Certainly they will make a big difference,” she said, “but every major auto manufacturer in the world has an electric vehicle and has electric-vehicle programs.”

 

Securities Disclosure: I, Teresa Matich, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Nemaska Lithium is a client of the Investing News Network. This article is not paid-for content.

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