- Rock Tech Lithium (RCK) broke ground for its first lithium hydroxide conversion plant in Guben, Germany, which will be the first of its kind in Europe and a blueprint for the E.U.’s new strategic goal to secure 12 times the demand of lithium by 2030
- Mercedes-Benz is a strategic partner and will procure lithium hydroxide from the Guben Converter for its state-of-the-art battery production in Europe
- The start of commissioning and ramp-up for the lithium converter is expected in 2025 with battery-grade lithium hydroxide production slated for early 2026
- Rock Tech is a cleantech company assembling a closed-loop system to produce lithium hydroxide for electric vehicle batteries
- Rock Tech Lithium (RCK) is currently trading at $2.60
Rock Tech Lithium (RCK) has broken ground on its lithium hydroxide conversion plant in Guben, Germany.
The 125,750 sq. m Guben Converter will start commissioning in mid-2025 and will produce qualified battery-grade lithium hydroxide by 2026.
The facility will process lithium-bearing hard rock into battery-grade lithium hydroxide for the cathode and battery industry, and is expected to be a significant accelerator for the electric vehicle mobility transition in the region.
Mercedes-Benz will procure lithium hydroxide from the Guben Converter for its state-of-the-art battery production in Europe.
The new plant will play a key role in securing critical minerals, as the E.U. aims to secure 12 times the demand of lithium by 2030 and process 40 per cent of it regionally.
The plant is the first of five converters that the company plans to build in Europe and North America.
The State Minister for Economic Affairs, Prof. Dr. Jörg Steinbach, stated that the facility will enable Brandenburg to cover the entire value chain from raw material processing to battery and cell production to EV construction and battery recycling.
Rock Tech’s CEO, Dirk Harbecke, said that the company’s refining plant is the most advanced lithium converter project in Europe, with a focus on zero-waste, sustainable processing and strategic partnerships.
Rock Tech is a cleantech company assembling a closed-loop system to produce lithium hydroxide for electric vehicle batteries.
Rock Tech Lithium (RCK) is currently trading at $2.60.