Dutch metals firm AMG reaps benefits of EV surge

By Sam Kerr
09 Apr 2021

AMG Advanced Metallurgical Group (AMG) found strong demand for a €102m capital raise on Thursday night from investors keen to back the growing demand for lithium, stoked higher by increased global production of electric vehicles.

Global automakers are rapidly transitioning to higher production of electric vehicles and, as such, demand for lithium, a key component in the batteries that power electric cars, has skyrocketed.

This has led to a global shortage of lithium and in January Tesla CEO Elon Musk announced on an ...

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