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

URLhttps://www.businesswire.com/news/home/20230519005
SourceBusinesswire
Date Published05/22/2023

Additional Reshoring Information:

Company/Division name Compass Minerals
Parent companyCompass Minerals
Type of work Manufacturing
Reshoring category:Reshoring
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2025
City reshored to:Ogden
State(s) reshored to:UT
If relevant, work nearshored to:-
Industry(ies):Chemicals
Product(s) reshoredbattery-grade lithium carbonate
What non-domestic negative factors made offshoring less attractive?Green considerations
What domestic positive factors made reshoring more attractive?Eco-system synergies, Lead time/Time to market, Manufacturing/engineering joint innovation (R&D), Proximity to customers/market, Raw Materials Cost
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