Critical Materials Revolution
Leveraging its existing mining infrastructure in Brazil,
AMG has the goal to become the low-cost producer of lithium concentrate (spodumene) globally.
Lithium Project Overview
As a global critical materials company at the forefront of CO2 reduction trends, AMG entered the lithium market in 2016 with an investment of approximately $50 million in the construction of a lithium concentrate (also known as spodumene) plant at its existing Mibra mine in Brazil. In December 2017, an approximately $110 million additional investment was approved for the construction of a second lithium concentrate plant, resulting in capacity expansion from 90,000 MT to 180,000 MT per year.