Critical metals firm AMG Lithium is set to build a battery-grade lithium hydroxide production plant in Germany.
German-headquartered AMG Lithium signed a purchase agreement for a plot of land on Chemiepark Bitterfeld-Wolfen with the goal of supplying the European battery industry with raw material along with short delivery routes.
The company plans to initially build a plant with an annual capacity of 20,000 tons, scheduled to go into operation in 2023
Stefan Scherer, managing director of AMG Lithium, said there are additional plans to increase the annual capacity to up to 100,000 tons in subsequent years.
Chemiepark Bitterfeld-Wolfen (CPG) covers 1,200 hectares, and is one of the largest areas for chemical and pharmaceutical companies in the Central German Chemical Triangle.
Patrice Heine, managing director of CPG, said: "We are currently feeling a lot of momentum in the segment, with new battery materials or, for example, porous materials for capacitors.
“In the medium term, we want to bring the entire value chain for battery materials to our site - and, by truly recycling the batteries, transfer them to a sustainable circular economy.”
AMG Lithium is a subsidiary of Advanced Metallurgical Group (AMG), a global group of companies in critical raw materials, mineral products and highly specialized furnace systems.
Based on spodumene deposits from AMG’s mining operations in Brazil, AMG Lithium aims to become the preferred supplier of battery-grade lithium hydroxide and next-generation high-performance battery materials for the European battery market.