Albemarle Corporation (NYSE: ALB ), a global leader in providing essential elements for mobility, energy, connectivity and health, today announced a definitive agreement with Ford Motor Company (NYSE: F ) to deliver battery-grade lithium hydroxide to support the automaker's ability to scale electric vehicle (EV) production.
Albemarle will supply more than 100,000 metric tons of battery-grade lithium hydroxide for approximately 3 million future Ford EV batteries. The five-year supply agreement starts in 2026 and continues through 2030.
Both Albemarle and Ford are committed to supplying the
"With the growing demand for EVs in
In addition to the lithium hydroxide supply, Albemarle and Ford will explore collaborations to develop a closed-loop solution for lithium-ion battery recycling. Furthermore, both companies are deeply committed to responsible sourcing and production and have agreed to work together to ensure sustainability, transparency and traceability in their supply chains. For example, Albemarle will supply lithium hydroxide sourced only from mines that have been accredited through an audit based on the Initiative for Responsible Mining Assurance (IRMA), a comprehensive standard developed by NGOs, affected local communities and workers, among others.
"We are at a significant moment in Ford's next industrial revolution for the EV age," said
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