The Pallinghurst Group has partnered with the Government of Quebec in the acquisition of Nemaska Lithium. Nemaska is located in Quebec, in Canada, 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.
Since the beginning of the project’s development, Nemaska Lithium has diligently considered and incorporated the best sustainable, eco-friendly operational practices in the industry. The project was designed to minimise its potential environmental and social impact.
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 its world-class deposits will position the company as a key player in the rapidly growing lithium-ion battery and energy storage industry.
For more information, please visit: www.nemaskalithium.com
Find out more about the global Lithium demand below: