Frankfurt am Main, Germany – October 29, 2024. Bravura, a leading African vertically integrated international mineral resource conglomerate and sister entity of AITEO, the largest indigenous oil and gas producer on the African continent, has announced plans to build a large-scale modular lithium processing plant in Germany by 2027. The final site location in Germany is expected to be determined in early 2025.
Lithium hydroxide, a key component of high-performance batteries used in electric vehicles, will be produced through a unique African-German supply chain. Bravura is currently in talks about offtake agreements with German automotive OEMs and suppliers.
The planning of the lithium processing plant is being conducted by Dorfner Anzaplan (Germany) and is in advanced stages.
Bravura will source spodumene concentrate from its various lithium assets across Africa, which will be transported to Germany and processed into lithium hydroxide. The company’s own fleet of modern bulk carriers will handle the shipping of the spodumene concentrate. This operation will support the goals of the European Critical Raw Materials Act by providing direct access to lithium hydroxide without third-party involvement.
Lithium hydroxide is an essential raw material for the production of batteries in electric cars, with demand expected to increase significantly. In its European Critical Raw Materials Act, the EU has set a target for 40% of lithium processing to be conducted within the EU by 2030. Bravura’s project aligns with this legislation and will contribute to the future of raw material supply in Germany.
Bravura will present its project in more detail during the BDI Raw Materials Congress on November 11, 2024, in Berlin, Germany. This event will bring together top political and industrial stakeholders to discuss the future of raw material supply in Germany.
Bravura is a leading African vertically integrated international mineral resource mining and investment conglomerate with affiliates and subsidiaries across several African countries. The company is part of the Peters Family Group, one of the largest Pan-African conglomerates, and is focused on mineral mapping, exploration, exploitation, mining, and refining of mineral resources in Africa. Among Bravura’s sister entities is AITEO, the largest indigenous oil and gas producer on the African continent.
For press inquiries, please contact Charles Barker Corporate Communications GmbH at bravura@charlesbarker.de or +49 69 794090-25 / -24.
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