Company Directory - AMG Lithium
Company Details - AMG Lithium
AMG Lithium
WebsiteAMG Lithium is an electric vehicle battery producer focused on the manufacturing and supply of lithium products essential for battery production. They aim to support the growing demand for electric vehicles and renewable energy storage solutions across global markets.
CCI Score
CCI Score: AMG Lithium
21.74
3.04%
Latest Event
AMG Lithium CEO Warns EU Against Over-Reliance on China
AMG Lithium CEO Stefan Scherer cautioned that the European Union's heavy reliance on Chinese raw materials risks eroding its industrial base, even suggesting that without temporary protective measures, Europe could effectively become a 'province of China.' This statement highlights concerns over economic dependency on an authoritarian regime and calls for greater EU independence in critical supply chains.
Take Action
So what can you do? Support by shopping, spreading the word, or offering your support.
- Shop Alternatives
SEE ALL - Use Your Voice
OTHER TOOLS - Investigate
- Share the Score
SUPPORT CCI
SABOTEUR
AMG Lithium is currently rated as a Saboteur.
Latest Events
- JUL022025
AMG Lithium CEO Stefan Scherer cautioned that the European Union's heavy reliance on Chinese raw materials risks eroding its industrial base, even suggesting that without temporary protective measures, Europe could effectively become a 'province of China.' This statement highlights concerns over economic dependency on an authoritarian regime and calls for greater EU independence in critical supply chains.
- APR182025
AMG Lithium has signed an exclusive agreement with Grupo Lagoa to become the first producer of spodumene concentrate in Portugal. The deal includes a 10 million Euro loan from AMG to Grupo Lagoa for a pilot plant, which will pave the way for future industrial-scale production and secure supply for AMG’s lithium refinery in Germany.
+40
Supply Chain Ethics
July 2
The exclusive agreement secures a local supply chain for critical lithium materials, promising competitive production costs and limited environmental and community impact. This proactive partnership in local production represents a positive move for ethical supply chain practices, bolstering regional resilience.
+30
Economic Collaboration
July 2
The financial structure of the agreement, which includes a significant loan to support local production, reflects a strategic economic collaboration. This initiative not only accelerates local production capabilities in Europe but also supports regional industry development, an important factor in building resilient and community-focused economic structures.
- JUL012024
LobbyFacts data reveals that AMG Lithium GmbH has participated in multiple meetings with high‐level EU officials, suggesting active political lobbying that could be viewed as an attempt to influence public policy in favor of corporate interests.
-50
Political Contributions and Lobbying Efforts
July 2
AMG Lithium's record of engaging in at least eight lobbying meetings, as documented on LobbyFacts, points to a sustained effort to gain influence over political decision-makers. This activity raises concerns about corporate attempts to shape policy in ways that may undermine democratic accountability and worker rights.
- APR012024
AMG-related companies issued a Modern Slavery Act statement outlining the steps taken during the 2024 financial year to prevent slavery and human trafficking in their supply chains, with plans to enhance measures in 2025. The statement emphasizes support for internationally proclaimed human rights.
+70
Labor Relations and Human Rights Practices
July 2
The statement includes measures aimed at protecting worker rights and ensuring ethical labor practices by preventing modern slavery and human trafficking. Such proactive steps in addressing labor rights enhance the company’s commitment to human rights.
+80
Supply Chain Ethics
July 2
By publicly disclosing detailed steps to eradicate modern slavery and human trafficking from its supply chain, the company is taking significant steps to ensure transparent and ethical sourcing practices.
- APR012024
AMG Aluminum and affiliated companies published a Modern Slavery Act statement outlining proactive measures taken during the 2024 financial year to prevent slavery and human trafficking in their supply chain, including plans for further actions in 2025.
+40
Labor Relations and Human Rights Practices
July 2
The published Modern Slavery Act statement outlines steps to prevent slavery and human trafficking, reflecting a commitment to labor rights and the protection of vulnerable workers. This action enhances ethical practices within the company’s supply chain.
+40
Supply Chain Ethics
July 2
The statement includes actions aimed at enhancing supply chain ethics by implementing measures to identify and prevent human trafficking and forced labor, thus reinforcing the company's commitment to ethical sourcing.
- MAY312023
AMG Lithium is constructing a lithium hydroxide production plant in Bitterfeld, Germany and has entered into a supply deal with Fortum Battery Recycling, which will provide recycled lithium salts sourced from its Finnish recycling plant. This development not only supports a sustainable, circular economy in battery production but also contributes to strengthening a European supply chain less dependent on authoritarian-controlled markets.
+40
Supply Chain Ethics
July 2
The supply deal enhances ethical supply chain practices by incorporating recycled materials. This approach promotes sustainability and reduces over-reliance on supply chains that might be vulnerable to authoritarian influences, thus contributing positively from an anti-fascist economic perspective.
Fortum Battery Recycling, AMG Lithium refinery sign supply deal for recycled lithium hydroxide
+30
Economic and Structural Influence
July 2
The initiative fortifies the European battery materials supply chain, reducing dependence on dominant external players. This structural enhancement diminishes vulnerabilities tied to reliance on authoritarian supply sources, aligning with a progressive agenda of economic independence.
Fortum Battery Recycling, AMG Lithium refinery sign supply deal for recycled lithium hydroxide
- NOV182022
AMG Lithium, part of AMG Critical Materials N.V., is identified in an EU lobbying profile detailing its involvement in promoting legislative proposals such as the Critical Raw Materials Act (CRMA) and REACH. The profile outlines the company's lobbying efforts to bolster its position in supplying battery‐grade lithium and other materials, reflecting its intent to influence EU policy in favor of its corporate interests.
-10
Political Contributions and Lobbying Efforts
July 2
AMG Lithium's lobbying activity, as highlighted in the EU profile, is aimed at influencing key legislative proposals (e.g., CRMA and REACH) to benefit its corporate interests in the battery materials market. While the lobbying efforts are tied to climate action and renewable energy initiatives, from a left‑leaning anti‑fascist perspective, such corporate political engagement often prioritizes self‐interest and can undermine broader democratic accountability by allowing private interests to shape public policy.
Alternatives
Dongguan, China
52.00
India
37.72
Nordborg, Denmark
32.70
Kitimat, Canada
30.10
Premstätten, Austria
23.72
India
20.51
Canada
18.93
Paris, France
17.25
Seoul, South Korea
15.43
Seoul, South Korea
5.66
Industries
- 211120
- Crude Petroleum Extraction
- 335999
- All Other Miscellaneous Electrical Equipment and Component Manufacturing
- 212399
- All Other Nonmetallic Mineral Mining