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Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) is in discussions with Sichuan Tianqi Lithium Industries Inc. (SHN:002466) to pursue off-take agreements.
Nemaska Lithium Inc. (TSXV:NMX,OTCQX:NMKEF) is in discussions with Sichuan Tianqi Lithium Industries Inc. (SHN:002466) to pursue off-take agreements.
As quoted in the press release:
The key advantages of using lithium hydroxide in battery cathodes over other chemical compounds include better power density, life cycle and safety qualities. Battery grade lithium hydroxide demand is forecasted to grow by 30% per year between 2012 and 2020 driven by the electric vehicle industry, energy storage and increase in total demand from all applications.
Nemaska’s President and CEO, Guy Bourassa said:
We are delighted to be advancing our relationship with our strategic partner, Tianqi Lithium, and we are eager to formalize a marketing arrangement with such experienced producer of battery grade lithium products. Tianqi Lithium is the largest supplier of battery grade lithium compounds to the Asian market. Both companies share a common vision of an expanding lithium market, especially in the lithium hydroxide sector, where new battery cathode technologies using lithium hydroxide are emerging as the cathodes of choice for lithium powered batteries.
Click here to read the Nemaska Lithium Inc. (TSXV:NMX) press release. Â
