Rock Tech Lithium Advances with Brandenburg Refinery Plans
Despite financial challenges, Rock Tech Lithium is committed to building a lithium refinery in Guben to support the electric vehicle industry.
- The German-Canadian company Rock Tech Lithium plans to construct a lithium refinery in Guben, Brandenburg, to produce lithium hydroxide for electric vehicle batteries.
- Rock Tech Lithium is seeking €800 million in funding, having already invested over €50 million in the project, while aiming for a 60% debt ratio through project-financing banks.
- Due to Germany's budget constraints, the company will not receive €200 million in federal aid but hopes to secure €90 million from Brandenburg by year's end.
- Production of lithium hydroxide is expected to begin in 2027, with the facility projected to produce 24,000 tons annually, using responsibly sourced and recycled materials.
- Environmental concerns persist regarding lithium mining's impact on groundwater, with Germany heavily reliant on lithium imports from Chile, Australia, and China.