AMG Lithium GmbH has signed a memorandum of understanding with Beijing Easpring Material Technology Co., Ltd. for the supply of battery-grade lithium hydroxide monohydrate. AMG Lithium is the first European lithium refiner with a production facility in Germany, while Easpring is a leading Chinese manufacturer of cathode active material. Both companies are investing in Europe to develop a localized battery supply chain. They are working to qualify AMG Lithium’s plant for production standards and negotiating a binding offtake agreement to solidify their collaboration.

Read more at Nasdaq: AMG Lithium And Beijing Easpring Sign MoU To Strengthen European Battery Materials Ecosystem