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Livent to buy Pallinghurst's Nemaska stake

Specialty chemicals producer Livent has agreed to double its ownership interest in Nemaska Lithium to 50% by buying out the interest held by The Pallinghurst Group in Quebec Lithium Partners (QLP), for 17.5 million Livent shares in a deal valued at US$374 million.

Paul Harris
Nemaska Lithium's Shawinigan plant in Quebec, Canada

Nemaska Lithium's Shawinigan plant in Quebec, Canada

Livent agreed to form QLP, a 50:50 joint venture with The Pallinghurst Group, in late 2020, which took a 50% ownership of the Nemaska lithium project development project in Quebec and Ontario, Canada,...

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