Remedium Lifecare has entered into a strategic agreement with Angel Partners, UK, effective July 29, 2024, to acquire technology for manufacturing lithium carbonate in India. The company has also signed an annual Supply Agreement with Alfa Chemicals and Solvents, Turkey, effective July 29, 2024.
Supplies of technical-grade lithium carbonate will commence in the January-March 2025 quarter. The supplies for CY 2025 are valued at $20-25 million. Technical-grade lithium carbonate is used in lithium-ion batteries for electric vehicles and portable electronics. The company has partnered with various contract manufacturers to produce technical-grade lithium carbonate using the technology from Angel Partners.
Remedium Lifecare is pharmaceutical company aligned across two business verticals viz. Products and Services.
