Nemaska signs lithium hydroxide supply deal with LG Chem

|About: LG Chemical Co., Ltd. (LGCLF)|By:, SA News Editor

Nemaska Lithium (OTCQX:NMKEF) signs an agreement to supply battery-grade lithium hydroxide to South Korean electronics manufacturer LG Chem. (OTCPK:LGCLF).

Nemaska will supply LG Chem with 7K metric tons/year of lithium hydroxide produced at its Shawinigan commercial plant in Quebec for an initial five-year period starting in October 2020.

Nemaska says it has now committed or has agreement in principle in place for more than 90% of its anticipated 33K metric tons/year capacity.

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