Metallurgy company AMG has signed of a memorandum of understanding to sell of lithium chemicals to South Korean company Ecopro Co for use in the production of cathode active materials.
Under this agreement, AMG will construct a lithium chemical plant at its mine site in Brazil, the output of which will be supplied to Ecopro for its cathode active materials production.
‘This agreement is an excellent example for the vertical integration of value chains, leveraging the know-how of both companies and de-risking the downstream expansion of AMG's mining operations in Brazil,’ said Dr Heinz Schimmelbusch, CEO of AMG.
This story is reprinted from material from the AMG, with editorial changes made by Materials Today. The views expressed in this article do not necessarily represent those of Elsevier.