Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Economy

“German Automotive Industry to Benefit from Bravura’s New Lithium Processing Plant Set to Open in 2027”

by
October 29, 2024
in Economy, Investing
0
“German Automotive Industry to Benefit from Bravura’s New Lithium Processing Plant Set to Open in 2027”
0
SHARES
4
VIEWS
Share on FacebookShare on Twitter

Bravura, a leading African mining group and sister entity of AITEO, Africa’s largest indigenous oil and gas producer, has announced plans to build a large-scale lithium processing plant in Germany by 2027. The final location for the plant, which will produce lithium hydroxide, a key component in batteries for electric vehicles, will be determined in early 2025. Bravura is currently in talks with German automotive OEMs and suppliers for offtake agreements.

The subsidiary of Bravura Group responsible for the project is currently in the process of identifying a suitable location for the plant, which is expected to begin production in 2027. The company is also in discussions with German automotive OEMs and suppliers for offtake agreements.

The planning for the lithium processing plant is being conducted by Dorfner Anzaplan in Germany, and the raw materials will be sourced from Bravura’s various lithium assets across Africa. The company will transport the spodumene concentrate, a key source of lithium, directly to Germany and process it into lithium hydroxide. This will be done through Bravura’s own fleet of modern bulk carriers, making it the first company in Germany to provide lithium hydroxide directly to German OEMs and suppliers without any third-party involvement. This supports the goals of the European Critical Raw Materials Act, which mandates that 40% of lithium processing be conducted within the EU from 2030 onward.

Lithium hydroxide is a crucial raw material for the production of batteries in electric cars, with 1,000 tons of lithium hydroxide producing approximately 25,000 batteries. Currently, German automotive OEMs and battery manufacturers source 95% of their lithium hydroxide from China due to a lack of local supply. However, the EU has determined that by 2030, 40% of lithium processing must be done within the EU, making this project a key contributor to achieving this goal.

Bravura will be introducing its project in more detail during the BDI Raw Materials Congress on November 11, 2024, in Berlin, Germany. The company will also be contributing to the discussion about the future of raw material supply in Germany with top political and industrial stakeholders.

Bravura is a leading African vertically integrated international mineral resource conglomerate with affiliates and subsidiaries in various African countries. The company is part of the Peters Family Group, one of the largest Pan-African conglomerates with interests in the energy, mining, health services, real estate, and agriculture sectors. Bravura’s sister entity, AITEO, is the largest indigenous oil and gas producer on the African continent.

For more information, please contact:

Charles Barker Corporate Communications GmbH

Thomas Katzensteiner / Tobias Eberle

Email: bravura@charlesbarker.de

Phone: +49 69 794090 -25 / -24

ShareTweetPin

Related Posts

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub
Investing

Tech 5: OpenAI/Microsoft Talks Get Tense, SoftBank Floats Arizona Robotics Hub

June 22, 2025
Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather
Investing

Editor’s Picks: Silver Price Hits 13 Year High, Gold Takes a Breather

June 22, 2025
Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump
Investing

Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

June 21, 2025
Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win
Investing

Top 5 Canadian Mining Stocks This Week: Royalties Inc. Jumps 183 Percent on Legal Win

June 21, 2025
Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project
Investing

Critical Metals Secures US$120 Million Loan LOI for Tanbreez Rare Earths Project

June 20, 2025
Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute
Investing

Mali Court Seizes Control of Barrick Gold Mine Amid Escalating Dispute

June 20, 2025
Next Post
“Hexagon EAM and NTT DATA Business Solutions Drive Successful Asset Management in Guernsey Ports’ New Era”

“Hexagon EAM and NTT DATA Business Solutions Drive Successful Asset Management in Guernsey Ports’ New Era”

Recommended

UK debt could triple to 300% of GDP within 50 years, OBR warns

UK debt could triple to 300% of GDP within 50 years, OBR warns

September 13, 2024
Developers confident in PHL tourism with P250-B investment — report

Developers confident in PHL tourism with P250-B investment — report

September 17, 2024
“Finding the Perfect Glasses for Your Oval Face: A Guide”

“Finding the Perfect Glasses for Your Oval Face: A Guide”

September 23, 2024

Virtual Addresses: A Modern Solution for Flexible and Cost-Effective Business Management

September 20, 2024
Santander UK sets aside £295m for car finance scandal

Santander UK sets aside £295m for car finance scandal

November 21, 2024
Zinc Price Forecast: Top Trends for Zinc in 2025

Zinc Price Forecast: Top Trends for Zinc in 2025

January 16, 2025

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Thank you

    Copyright © 2025 investdailypro.com | All Rights Reserved