Clariant unit to source lithium hydroxide from Canada’s Nemaska

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 Canada’s Nemaska Lithium, officials said on Thursday.

Under the deal, Phostech may source product from a 500 tonne/year lithium hydroxide plant Nemaska intends to build in Valleyfield, Quebec province.

"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.

Phostech is part of Clariant’s battery materials business. The Switzerland-based specialty chemicals major acquired Phostech last year when it took over Germany’s Sud-Chemie.

By: Stefan Baumgarten
+1 713 525 2653

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