Compass Minerals to Supply Ford With Lithium Carbonate
22 May 2023 - 9:40PM
Dow Jones News
By Will Feuer
Compass Minerals said it has struck a multi-year deal to supply
Ford Motor with battery-grade lithium carbonate as the automaker
ramps up its production of electric vehicles.
Overland Park, Kan.-based Compass said it will deliver up to 40%
of its planned battery-grade lithium carbonate to Ford for a
five-year term once production begins. The company said the lithium
carbonate will come from its Ogden, Utah, development project.
"The work we are doing with Compass Minerals is promising -- and
a key part of Ford's EV growth and the diversification of our
sustainable EV supply chain," said Lisa Drake, Ford's vice
president of EV industrialization.
Ford is set to discuss its EV targets and its latest agreements
for battery raw materials on Monday morning at an investor
event.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 22, 2023 07:25 ET (11:25 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
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