In the statement made by Albemarle, it was announced that an agreement was reached with Ford to provide lithium hydroxide to support electric vehicle production.
It was stated in the statement that the company will supply lithium hydroxide for approximately 3 million Ford electric vehicle batteries, and the 5-year supply agreement will start in 2026 and will last until 2030.
Albemarle and Ford have committed to supply lithium hydroxide locally produced in the country or originating in a U.S. Free Trade Agreement country, the statement said.
In the statement made by Nemaska Lithium, it was stated that an 11-year agreement was reached with Ford for the supply of lithium products.
