Finland’s Fortum Battery Recycling signed a memorandum of understanding with AMG Lithium of Germany on recycling lithium salts. They will refine them into battery-grade lithium hydroxide, they said in a statement last week.
AMG Lithium, a subsidiary of AMG Critical Materials, is constructing a lithium hydroxide production plant in Bitterfeld, Germany. The aim is for AMG Lithium to process the recycled lithium salts retrieved from Fortum’s new hydrometallurgical recycling plant in Harjavalta, Finland.
AMG produces and develops energy storage materials such as lithium, vanadium and tantalum.
Dr. Stefan Scherer, CEO of AMG Lithium, said: “This MoU represents another important step towards an independent and sustainable lithium supply chain for Europe.”
Fortum’s new commercial-scale hydrometallurgical plant in Harjavalta recovers valuable metals from old electric vehicle lithium-ion batteries. It also recycles various waste throughout the battery supply chain.
Cross-commodity price reporting agency Fastmarkets launched weekly price assessments for black mass payable indicators in the South Korea market earlier this month. It said this was in response to the greater market interest in recycled battery raw materials.
