The relationship between Metso and lithium is direct, since the Finnish company is engaged in the field with its machinery. Metso, a company likely involved in industrial equipment and technology solutions, has formed a strategic partnership with Avalon Advanced Materials, a Canadian mineral development company. The primary objective of the partnership is to establish terms for the development of a lithium hydroxide production facility. The facility will process lithium mineral concentrates. These concentrates likely contain valuable lithium compounds that are used in various industries, including electric vehicle manufacturing. The processed lithium mineral concentrates will play a crucial role in the North American electric vehicle (EV) value chain development. This suggests that the lithium hydroxide produced will be an essential component in the manufacturing of batteries or other components for electric vehicles.

A MoU for lithium hydroxide between Metso and Avalon

According to the non-binding Memorandum of Understanding, Metso and Avalon seek to agree on a definitive agreement to establish a lithium hydroxide processing facility. The contract would allow Avalon to license Metso’s technology and solutions to produce lithium hydroxide cathode materials to serve the EV market, and Metso to conduct testing and engineering work at Avalon’s portfolio of critical-mineral projects. The parties aim to sign a definitive agreement during the third quarter of 2023.

Quoting the both companies

Metso’s platform and technology perfectly complement Avalon’s vision to complete an integrated lithium value chain in Ontario, predicated on innovative process solutions,” says Zeeshan Syed, President of Avalon. “We view Metso as an integral part of this rapidly growing sector, and a foundational partner for developing best-in-class processing capabilities that are environmentally sustainable. This will allow Avalon to scale to meet the soaring demand for battery-grade lithium for the next decade and beyond.”  

Metso is looking forward to partnering with Avalon and to be part of its long-term vision to be a mid-stream supplier in the lithium hydroxide space. We are aligned with Avalon’s vision of the future and proud to play a key role in technology supply and advancement into clean energy solutions and economy,” says Mikko RantaharjuVice President, Hydrometallurgy at Metso. “We are also extremely excited to be working together on the first Canadian conversion facility with Metso’s technology. The innovative alkaline process allows for elimination of potentially harmful chemicals such as sulfuric acid, and comparatively reduces overall solid waste and emissions, making it environmentally friendlier and safer overall for workers and local surrounding communities.”  

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