AMG Lithium opened Europe’s first lithium refinery in Bitterfeld-Wolfen in Germany. The refinery was built in just over two years and cost about 140 million euro. Most of the plant’s lithium will come from Brazil. The job of the refinery is to then convert the raw material into battery-compatible lithium hydroxide. The plant is expected to produce 20,000 tonnes of lithium hydroxide per year, which is enough to power 500,000 electric vehicles. Lithium is a key component in the production of electric vehicle (EV) batteries. It is an element that is high in demand as a result the global transitio…