Rock Tech Lithium invests almost $544 million to build Europe’s first lithium converter plant in Brandenburg, Germany.
German-Canadian mining company Rock Tech Lithium will build Europe’s first lithium hydroxide conversion plant in Brandenburg, Germany, to produce battery-grade lithium hydroxide by 2024. Rock Tech Lithium will invest 470 million euros or nearly $544 million to build a new site at Guben, Brandenburg, Germany. The firm plans to house all steps associated with lithium refining and conversion at the new site in Guben. Rock Tech Lithium intends to produce around 24,000 tons of lithium hydroxide per year at the new site, which it estimates to be enough for about 500,000 electric cars.
Rock Tech Lithium extracts lithium ore for the lithium hydroxide from its mine project in Georgia Lake in Ontario, Canada. The region for the new site was selected scored for its long industrial tradition and existing infrastructure. Rock Tech CEO Dirk Harbecke said that Rock Tech lithium was now becoming the lithium partner of the automotive industry and was building its own, previously absent infrastructure for battery-grade lithium hydroxide in Europe. He also said their goal was to be the first company worldwide to create a closed-loop for lithium battery production.