American giant Ford signed a contract with a Canadian company
A successful cooperation between Canada and the US.
One of America's biggest car manufacturers Ford has signed a contract with Nemaska Lithium, a small Quebec company that produces lithium, so vital for electric cars. According to the deal, Ford will buy 13,000 tons of lithium annually.
"This agreement is a vote of confidence for the solidity of the project, of the quality of the product that will be produced, and, of course, a testament to the effort of the Nemaska teams," said Steve Gartner, the chief financial officer of Nemaska Lithium.
For Nemaska Lithium, the American industrial leader will be its first partner. The company is now completing the development of a mine in northern Quebec. That is where it plans to start mining lithium ore.
"Lithium is a key component in high-quality and high-performing electric batteries. We have a world class deposit in the James Bay region and we look to establish the first integrated mine to lithium hydroxide plant in Quebec to support the North American supply chain for electric vehicles," Gartner said.
Ford will also purchase lithium ore from Nemaska Lithium before the plant begins producing lithium hydroxide.
One of the reasons for the deal is minimal harm to the environment. Today, Canada is actively adopting a "green" approach, many industries are opening green departments and are trying to reduce the carbon footprint.
Aviation companies stop using harmful fuels, provinces switch to Green Energy and invite foreign experts to share their experience.
