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Albemarle and Ford sign lithium hydroxide supply agreement · Endata

◂ Announcements

May 22, 2023CONTRACTUnited States

Albemarle and Ford sign lithium hydroxide supply agreement

Albemarle Corporation signed a definitive agreement with Ford Motor Company to supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030.

Status

Announced

Capacity

more than 100,000 metric tons of battery-grade lithium hydroxide

Productsbattery-grade lithium hydroxide

CompaniesAlbemarle Ford Motor Company customer

Sectors#Automotive Components

“Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries.”in.investing.com

1 source
in.investing.comAlbemarle Establishes Strategic Agreement With Ford Motor By Investing.comVlad SchepkovMay 22, 2023

Summarized from public sources; check the original articles before acting on it.

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