04 October 2012 16:25 [Source: ICIS news]
TORONTO (ICIS)--Clariant’s Canadian Phostech Lithium affiliate has agreed to “evaluate and purchase” lithium hydroxide monohydrate from ?xml:namespace>
"High-quality raw materials are a key element for cathode materials to be used in long-lasting lithium ion batteries," said Phostech general manager Denis Geoffroy.
"We are eager to evaluate a new source of lithium hydroxide and explore a long-term relationship with Nemaska Lithium," Geoffroy added.
Nemaska CEO Guy Bourassa said that the agreement with Phostech - its first with an end user – would accelerate Nemaska’s plans to build the first phase of the lithium hydroxide plant.
The plant would also be used as a marketing tool to sell product to other potential customers, Bourassa added. He did not disclose financial details.
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