Livent to resume lithium carbonate contract talks with Nemaska
Published: Tuesday, 26 February 2019
Lithium producer Livent will resume arbitration talks
concerning the lithium carbonate supply contract it has signed
with junior miner Nemaska Lithium, the producer said on Monday
The move follows the Canadian miner’s
announcement on February 18 that it intended to terminate the
multi-year supply agreement with Livent, formerly part of
Under the multi-year agreement, Nemaska would supply 8,000
tonnes per year of lithium carbonate to Livent starting on
April 1, 2019, to a total of 28,000 tonnes of lithium carbonate
over the course of the agreed years.
Livent will resume arbitration with the intention of
pursuing its claim, it said, adding that Nemaska does not have
the right to terminate the agreement and that Livent intends to
enforce its rights as part of a process begun in July 2018.
The arbitration process was previously suspended to allow
negotiation of a revised schedule and other agreements for the
supply of lithium carbonate.
Nemaska recently announced that it will need an additional
$282 million to start production of lithium carbonate and
hydroxide, scheduled for the second half of 2020.