AMG Critical Materials N.V. is a global specialty materials company that produces engineered materials and provides vacuum furnace systems and services. Founded in 2006 and headquartered in the Netherlands, AMG serves essential markets including transportation, infrastructure, energy, and specialty metals & chemicals. The company operates through three main segments: AMG Clean Energy Materials, AMG Critical Minerals, and AMG Critical Materials Technologies. With approximately 3,600 employees worldwide, AMG maintains production facilities across multiple countries, including Germany, the United Kingdom, France, the United States, China, Mexico, Brazil, India, and Sri Lanka. In 2023, AMG helped its customers reduce CO2 emissions by 110.3 million metric tons through its sustainable materials and technologies.
Battery Technology
AMG’s contribution to battery technology centers on its lithium and vanadium production capabilities. The company’s lithium operations, managed through AMG Lithium, focus on manufacturing high-quality lithium-containing materials essential for energy storage applications. Their production facility in Brazil processes spodumene concentrate, a vital component in lithium-ion battery manufacturing.
The company has developed an innovative hybrid energy storage solution called LIVA (Lithium Vanadium), which combines lithium-ion batteries with vanadium redox flow technology. This system provides both fast-response power management and extended energy storage capabilities, making it particularly suitable for industrial applications and renewable energy integration.
AMG’s solid-state battery initiatives include a dedicated pilot plant and battery materials laboratory in Frankfurt, Germany. This facility supports research and development efforts to create next-generation battery technologies with increased energy density and enhanced safety features compared to traditional lithium-ion batteries.
Recent Projects
In January 2024, AMG implemented a corporate restructuring, creating three distinct entities: AMG Lithium, AMG Vanadium, and AMG Technologies. The company is expanding its Brazilian lithium concentrate plant capacity from 90,000 to 130,000 tons annually, with completion expected by Q4 2024. Current projections indicate a production target of 93,000 tons of lithium concentrate for 2024.
A significant development includes AMG Brazil’s partnership with Grupo Lagoa through a memorandum of understanding to concentrate lithium minerals from a pegmatite mine, aiming to produce commercial-grade spodumene.
Investors
AMG’s investor base includes several significant stakeholders. CEO Heinz Schimmelbusch holds 3.545% of shares (1,152,193 shares), while Norges Bank Investment Management maintains a 2.376% stake (772,274 shares). Eric Emil Jackson owns 1.086% (353,124 shares), and BNP Paribas Asset Management Belgium SA possesses 0.5161% (167,752 shares). Through AMG Lithium BV, the company has also invested in Savannah Resources Plc, becoming its largest shareholder to strengthen control over lithium resources.
Business Details
Location:
Corporate Office: Wayne, Pennsylvania, United States
European Headquarters: Amsterdam, Netherlands
Additional operational locations include production facilities in: Germany, United Kingdom, France, China, Mexico, Brazil, India, Sri Lanka, Sales office in Japan
Website: https://amg-nv.com
LinkedIn: https://www.linkedin.com/company/amg-critical-materials-nv/
