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Arcadium Lithium has acquired the intellectual property and physical assets held by Canada’s Li-Metal’s as part of its strategy to develop cutting-edge technology for lithium carbonate to metal production.
Arcadium will now assume operations of the facility to continue the commercialization of its lithium metal production technology. To support this, the parties have entered into a supply agreement under which Arcadium will provide lithium metal to Li-Metal as part of a long-term offtake agreement.In addition, key personnel from Li-Metal’s lithium metal business will be joining Arcadium as part of the acquisition.
According to the Philadelphia-based lithium developer, these new capabilities will complement the company’s existing process technologies for producing lithium metal at its Bessemer City site in North Carolina, using concentrated lithium chloride from its Güemes facility in Argentina’s Salta province.
“The ability to produce lithium metal from lithium carbonate will give us additional flexibility to utilize our vertically integrated network of assets while reducing the need for third-party lithium metal,” Graves continued.
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