The Pallinghurst Group is partnering with the Government of Quebec, Canada, in the acquisition of Nemaska Lithium. Nemaska is located in Quebec and is set to become a critical producer of battery-grade lithium hydroxide.
Nemaska is set to be an environmentally-sustainable lithium hydroxide operation – given its proximity to “green” hydroelectricity providers. The low carbon-footprint will be an increasingly important differentiator in the battery and EV manufacturing supply chain.
Lithium-ion battery demand is expected to continue to expand dramatically over the next decade across the transport, energy storage and consumer electronics sectors underpinned by strong government support and a change in consumer preferences.
Pallinghurst’s recent investment into Nemaska Lithium and it’s world-class deposits will position them as a key player in the rapidly growing lithium-ion battery and energy storage industry.
For more information, please visit: www.nemaskalithium.com