Chilean mining company SQM announced that it signed an agreement with US automaker Ford Motor to supply it with lithium products.
The companies did not disclose the amounts of the agreement.
“The agreement between Ford and SQM will guarantee the supply of battery-grade lithium carbonate and lithium hydroxide, essential components for manufacturing high-performance electric vehicle batteries,” the Chilean miner said in a statement.
A worker walks past bags of lithium ready for export at SQM’s processing plant in Antofagasta, Chile, April 19, 2023
Ford’s vice president of the EV Industrialization Model e division, Lisa Drake, said the agreement with the Chilean miner would help the US company make real progress in making electric vehicles more accessible to customers.
According to the statement, SQM’s lithium should help Ford vehicles qualify for the US consumer tax credit.
It will help the company support its production of electric vehicles, as well as expand its presence in the sector.
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