The Canadian junior miner filed for bankruptcy protection on December 23 last year
to provide it with more time to seek refinancing.
Nemaska Lithium received funding of C$1.1 billion ($845.44 million) in May 2018 but is searching for an additional C$375 million to enable it to bring online a further 37,000 tonnes per year of lithium hydroxide production, a 4,000-tpy increase.
Fastmarkets’ latest assessment of the price for lithium hydroxide monohydrate 56.5% LiOH.H2O min, battery grade, spot price, ddp Europe and US
, was $11.50-12.50 per kg on Thursday January 9, down from $15-17 per kg in January 2019.
Nemaska signed an offtake agreement with LG Chem in 2018 - due to start in 2020 - for 90%...