With AMG Lithium’s full acquisition of Zinnwald Lithium Plc., Saxony expects to accelerate the mining of this strategically important raw material. The specialist in the production and development of high-quality lithium-containing materials for energy storage aims to use this to advance the development of the lithium project in the Eastern Ore Mountains, according to the Saxon Ministry of Economic Affairs.
“Domestic lithium can help make Europe’s supply of critical raw materials more resilient and support the transformation of the automotive, battery, and high-tech industries. This strengthens Saxony’s position as a hub for raw materials and benefits all of Europe,” emphasized Minister of Economic Affairs Dirk Panter (SPD). The fact that an internationally active company like AMG wants to expand its operations in Saxony demonstrates the attractiveness of the region as a business location and the confidence international investors have in the Free State.
