Livent, a Philadelphia-based lithium-battery producer, is forming a joint venture with metals financier The Pallinghurst Group to purchase Nemaska Lithium, a mining project in Northern Quebec that ran into financial trouble at the end of 2019 and was forced to file for creditor protection. That restructuring ended up with the formation of a new entity called Quebec Lithium Partners (QLP), owned by Orion Mine Finance, The Pallinghurst Group, and Investissement Québec. (Reuters, The Logic)
Skip to content
Livent, a Philadelphia-based lithium-battery producer, is forming a joint venture with metals financier The Pallinghurst Group to purchase Nemaska Lithium, a mining project in Northern Quebec that ran into financial trouble at the end of 2019 and was forced to file for creditor protection. That restructuring ended up with the formation of a new entity called Quebec Lithium Partners (QLP), owned by Orion Mine Finance, The Pallinghurst Group, and Investissement Québec. (Reuters, The Logic)
Talking point: Livent’s decision to purchase Nemaska stems from its strategy to boost production, in light of the potential demand for electric vehicles as more mainstream automakers expand their own EV production. Lithium is used to make batteries in electric vehicles. The deal will see Livent and The Pallinghurst Group buying half of QLP, with Investissement Québec continuing to own the other half of the company. Livent currently only operates one lithium mining project in northern Argentina.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Citi sees Canada heating up in global capital shift
Briefing
BMO lends to Alpaca in US$435M financing for trading infrastructure
Wildfires raise risk of ‘renewed turmoil,’ economist warns
Lululemon backs French textiles startup’s US$30M raise
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
