Compass Minerals (CMP) Signs Binding Multiyear Agreement to Supply Ford Motor Company (F) with Battery-Grade Lithium Carbonate

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Go back to Compass Minerals (CMP) Signs Binding Multiyear Agreement to Supply Ford Motor Company (F) with Battery-Grade Lithium Carbonate

Compass Minerals Signs Binding Multiyear Agreement to Supply Ford Motor Company with Battery-Grade Lithium Carbonate

May 22, 2023 7:00 AM EDT

OVERLAND PARK, Kan.--(BUSINESS WIRE)-- Compass Minerals (NYSE: CMP), a leading global provider of essential minerals, today announced the signing of a binding, multiyear supply agreement to provide Ford Motor Company (Ford; NYSE: F), a global auto manufacturer, with battery-grade lithium carbonate from its Ogden, Utah, lithium brine development project.

We are excited to formalize a long-term relationship with Ford, one of the most trusted and iconic brands in the automotive industry and a leader in the transition to vehicle electrification, said Kevin S. Crutchfield,... More