Brief: AMG To Start Production Of Lithium Hydroxide In Bitterfeld In Q4

AMG Critical Materials NV

30/03/2023 12:00

March 30 (Reuters) - AMG Advanced Metallurgical Group NV
 AMG.AS :
    * AMG TO START PRODUCTION OF LITHIUM HYDROXIDE IN BITTERFELD
IN Q4
2023
    * BY 2030 AMG PLANS TO EXPAND ANNUAL PRODUCTION TO 100,000
METRIC
TONS OF LITHIUM HYDROXIDE
    * "BY ESTABLISHING OUR OWN COMPLETE LITHIUM VALUE CHAIN, WE
ARE
SUPPORTING EUROPEAN BATTERY MATERIAL INDEPENDENCE," SAID AMG CEO
HEINZ SCHIMMELBUSCH
    * IN 2024 SUBSIDIARY AMG LITHIUM WILL PRODUCE 20,000 METRIC
TONS
OF LITHIUM HYDROXIDE ANNUALLY IN BITTERFELD- WOLFEN, ENOUGH FOR
BATTERIES FOR AROUND 500,000 EVS
    * AMG AIMS TO COVER ENTIRE LITHIUM VALUE CHAIN BY 2026
    * "WE WILL BE READY TO SUPPLY EUROPEAN EV MARKET AS IT
TRANSITIONS
TO FULL ELECTROMOBILITY BY 2035,"  SAID CEO OF AMG LITHIUM
STEFAN SCHERER

Source text for Eikon:  ID: 
Further company coverage:  AMG.AS 

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