AMG Critical Materials NV and Easpring Sign Partnership to Strengthen European Battery Materials Supply Chain

Reuters10-15
AMG Critical Materials NV and Easpring Sign Partnership to Strengthen European Battery Materials Supply Chain

AMG Critical Materials NV, through its subsidiary AMG Lithium GmbH, has signed a memorandum of understanding with Beijing Easpring Material Technology Co., Ltd. to strengthen the battery materials value chain in Europe. The partnership focuses on the supply and offtake of battery-grade lithium hydroxide monohydrate, a key raw material for lithium-ion battery cathodes. AMG Lithium operates a lithium refining facility in Germany, while Easpring is building a cathode active material plant in Finland. The collaboration aims to localize and reinforce the European battery supply chain, with both companies working together on plant qualification and negotiating a binding offtake agreement. The partnership also emphasizes the promotion of recycled feedstock and the improvement of the carbon footprint across the value chain.

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