Arcadium will now assume operations of the facility to continue the commercialization of its lithium metal production technology. To support this, the parties have entered into a supply agreement under which Arcadium will provide lithium metal to Li-Metal as part of a long-term offtake agreement.
In addition, key personnel from Li-Metal’s lithium metal business will be joining Arcadium as part of the acquisition. Maciej Jastrzebski, Li-Metal’s co-founder and chief technology officer, has entered into a consulting agreement with Arcadium to facilitate the transfer of technology and integrate the team.
The acquisition is expected to strengthen Arcadium’s position as a leading global producer of lithium metal by providing safer, lower cost and more sustainable processes for lithium metal production using various grades of lithium carbonate feedstock, which the company produces in Argentina.
According to the…
