wadj schreef op 30 augustus 2021 21:06:
AMG - Schimmelbusch plans The lithium division goes public Valuation up to 1 billion US dollars ¦ The announcement The automaker VW and Daimler will be fully committed in the future to concentrate on battery-electric drive technology, has also boosted the share prices of lithium producers. Lithium is considered an important raw material for manufacturing of traction batteries. This also benefits the raw material Advanced Metallurgical Group (AMG), based in Bra- Silien produces 90,000 tons of lithium concentrates annually and expand its production by a further 40,000 tons want. To further demonstrate the value of this business AMG boss Heinz Schimmelbusch is considering Heard after an IPO of the lithium division. To the- after the US bank Citi evaluates the lithium business from AMG with $ 800 million to $ 1 billion. In a telephone conversation with PLATOW, Schimmelbusch wants to plans while not commenting on the former CEO however, the metal company announced that it was a It goes without saying that all options for one are up to date to examine such a highly valued business entity. Also have in his long managerial career he has already seven stock market courses carried out, all with success, like Schimmelbusch confidently adds. Schimmelbusch's reluctance when it comes to the lithium IPO is quite understandable, especially since the stock exchange plans are still at an early stage. Obviously, the AMG driver does not want to meet the expectations hang high, after all, going public is rocky. That doesn't stop the old fox from looking on though Noting the valuation range determined by Citi that it could also be a little more. Schimmelbusch is more talkative when it comes to innovation ones that AMG is currently working on. So the consort a new type of lithium-vanadium battery is coming soon present that lead to significant energy savings in should lead to industrial plants. It's about one technological breakthrough in Germany and the USA, enthuses the Austrian. Also at the AMG is working on the successor technology to the lithium battery already. The company operates a in Frankfurt-Höchst Pilot plant for solid-state batteries.