- Rock Tech Lithium has signed a framework agreement with a renowned globally operating car producer headquartered in Germany
- This agreement establishes the basis for arrangements between the parties for the supply of lithium hydroxide
- The five-year agreement forms the basis between the automaker and Rock Tech Lithium for future supplies of lithium hydroxide
- Rock Tech Lithium is a cleantech company that aims to supply the automotive industry with high-quality lithium hydroxide
- Rock Tech Lithium Inc. (RCK) opened trading at C$4.45
Rock Tech Lithium (RCK) has signed a framework agreement with a renowned globally operating car producer headquartered in Germany.
This agreement establishes the basis for arrangements between the parties for the supply of lithium hydroxide, a key material in the production of lithium-ion electric vehicle batteries.
The agreement forms the basis between the automaker and Rock Tech Lithium for future supplies of lithium hydroxide and has a five-year term with renewal options. The agreement also supports the parties’ respective commitments to environmental responsibility and sustainability, including an agreement to create a roadmap to achieve CO2-neutral production of lithium hydroxide by the end of 2030.
Markus Bruegmann, CEO of Rock Tech Lithium, commented on the agreement.
“We are very pleased to have found a renowned partner to advance the topic of e-mobility. We expect to commence production of lithium hydroxide in Guben, Brandenburg, where we are building Europe’s first lithium hydroxide converter. The start of production is planned for 2024.”
Rock Tech Lithium is a cleantech company that aims to supply the automotive industry with high-quality lithium hydroxide.
Rock Tech Lithium Inc. (RCK) opened trading at C$4.45.