AMG to supply EcoPro with battery-grade lithium hydroxide, shares rise

ECOPRO

06/09/2022 08:37

** Shares in AMG  AMG.AS  jump 3.7% after the Dutch the
metallurgical group said it had signed a deal with EcoPro to
supply battery-grade lithium hydroxide 
    ** AMG announced that its subsidiary AMG Lithium had signed
a binding supply agreement with the Korean company EcoPro for an
initial three-year term  urn:newsml:reuters.com:*:nFWN30C0D6
    ** AMG Lithium will deliver a minimum of 5,000 tonnes per
annum battery-grade lithium hydroxide to EcoPro BM's cathode
materials production plant in Hungary
    ** "Initial quantities for qualification purposes are
scheduled to be delivered in late 2023 – with regular quantities
to follow in 2024," the company said
    ** Including today's rise the stock has dropped by 11.64 %
YTD.​

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))