Metals firm AMG Advanced Metallurgical Group aims to build a ‘battery grade’ lithium hydroxide refining facility in Germany through its subsidiary AMG Lithium.
The refining plant and AMG Lithium’s state-of-the-art lithium hydroxide and battery materials laboratory in Frankfurt-Hoechst is set to cost up to $60 million.
The company hopes the facility will open the European market and pave the way for expansion in Brazil where AMG plans to build a ‘technical grade’ lithium hydroxide plant.
The new plant, subject to the necessary approvals, will operate on validated processes and be fed with ‘technical grade’ lithium hydroxide.
The company says the plant will enable it to serve a key need of the electric vehicle lithium battery market for consistent, high-quality battery grade lithium hydroxide.
AMG has applied with Germany’s Investitionsbank Sachsen-Anhalt for a governmental grant for the construction of the lithium hydroxide refining plant to be located in the town of Zeitz, in the municipality of Elsteraue.
Detailed engineering for the plant will begin by the end of this year.