Ford Motor Enters Long-Term Agreement With Nemaska Lithium For Supply Of Lithium Products, With Expected Delivery Of Up To 13,000 Tons Of Lithium Hydroxide Per Year
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Ford Motor has entered a long-term agreement with Nemaska Lithium for the supply of lithium products, with expected delivery of up to 13,000 tons of lithium hydroxide per year.
May 22, 2023 | 10:27 am
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Ford Motor's long-term agreement with Nemaska Lithium ensures a stable supply of lithium products for its electric vehicle production.
The agreement with Nemaska Lithium ensures a stable supply of lithium products for Ford Motor's electric vehicle production. This will help the company meet the growing demand for electric vehicles and reduce dependency on external suppliers, potentially leading to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Nemaska Lithium secures a long-term agreement with Ford Motor for the supply of lithium products, with expected delivery of up to 13,000 tons of lithium hydroxide per year.
The long-term agreement with Ford Motor provides Nemaska Lithium with a stable and significant customer for its lithium products. This will help the company secure its revenue stream and potentially lead to an increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100