Canada's Rock Tech Lithium to build $544 million plant in Brandenburg

Canada's Rock Tech Lithium to build $544 million plant in Brandenburg

Canada's Rock Tech Lithium to build $544 million plant in Brandenburg

Information about Canada's Rock Tech Lithium to build $544 million plant in Brandenburg

Kevin David Scam or Legit


BERLIN (Reuters) – Canada’s Rock Tech Lithium plans to build a converter plant in Brandenburg, the German state surrounding Berlin, to make battery-grade lithium hydroxide for electric vehicles, the state’s energy ministry and the company said on Monday.
The plant will be in the town of Guben, a roughly 90-minute drive from where Tesla is building its gigafactory, which includes a battery cell manufacturing site with 50 gigawatt hours of capacity.
State energy minister Joerg Steinbach said the decision confirmed Brandenburg’s status as a centre for the development of electric mobility.
In a separate statement, Rock Tech Lithium said the total investment for the site was up to 470 million euros ($544 million) and that annual production would be 24,000 metric tons of lithium hydroxide, enough to supply 500,000 cars with lithium-ion batteries.

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