AMG Critical Materials jumps after winning funding for lithium refinery

AMG Critical Materials NV

22/12/2025 08:48

** Shares in Dutch mining group AMG Critical Materials AMG.AS rise 5% after its unit AMG Lithium won 36 million euros  ($42.23 million) in funding from Germany for a lithium hydroxide refinery in the country

** "The site will be the first industrial-scale battery-grade lithium hydroxide production facility in Europe, and by mid-2026 will operate at design capacity", AMG says

** The European Commission approved last week, as part of a review of its 2035 zero CO2 emission targets, a new battery booster pack which will have financial support as Europe races to scale gigafactories and compete with China

** Including Monday's rise, the AMG stock has gained 98% YTD

($1 = 0.8524 euros)

 (Reporting by Alessandro Parodi)

 ((Alessandro.Parodi@thomsonreuters.com;))