CHARLOTTE — Albemarle Corp. has signed a deal to sell 100,000 metric tons of battery-grade lithium hydroxide to Ford Motor Co.
That five-year deal will start in 2026 and coincides with the automaker scaling up its electric vehicle production.
Both companies say the deal demonstrates their commitment to develop the domestic EV supply chain. Ford also recently announced a smaller deal to buy 13,000 metric tons from Canada-based Nemska Lithium.
“With the growing demand for EVs in the United States, our customers are seeking to regionalize their supply chain for greater security, sustainability and lower costs,” says Eric Norris, president of Albemarle Energy Storage. “This agreement exemplifies the industry collaborations and investments required.”
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