AMG Lithium GmbH, a subsidiary of AMG Critical Materials N.V. (AMVMF.PK, AMG.AS), announced that it has entered into a memorandum of understanding with Beijing Easpring Material Technology Co., Ltd. for the supply and offtake of battery-grade lithium hydroxide monohydrate.
AMG Lithium stands as the first European lithium refiner with an operational production facility located in Bitterfeld-Wolfen, Germany. Meanwhile, Easpring—a leading Chinese manufacturer of cathode active material (CAM)—is in the process of building a CAM facility in Kotka, Finland.
The strategic investments by both companies in Europe highlight their shared commitment to developing a localized and resilient battery supply chain. As an initial step, AMG Lithium and Easpring will work closely to qualify AMG Lithium's plant for production standards, while simultaneously negotiating a binding offtake agreement to solidify their collaboration.
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June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.