Resumen de Nemaska, Hanwa sign lithium deal
Nemaska will begin to ship lithium spodumene concentrate in Q3 next year, after completing the ramp-up of its Whabouchi mine in Quebec.
Canada-based Nemaska Lithium has reached an agreement to supply spodumene Li2O concentrate to Japan-based Hanwa, which will be acting as agent for China’s General Lithium.
Nemaska’s spodumene Li2O concentrate will be sold on a take-or-pay basis to a market price-based formula at the time of delivery. This will take into account the current market price of $800-1,000 per tonne, the company told Industrial Minerals at the end of May.
Industrial Minerals assessed the price of spodumene, min 5-6% Li2O, cif China, was $900-970 per tonne on April 25, and $855-925 per tonne on an fob Australia basis.
Nemaska plans to ship lithium spodumene concentrate, typically min 5-6%, beginning in the third quarter of 2019, it told Industrial Minerals. To achieve this, in the third quarter of this year it will start to ramp up the operations of its mine in Whabouchi, in the James Bay area of the Canadian province of Quebec.
