Mercedes to source battery material lithium hydroxide from Rock Tech Lithium
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Mercedes to source battery material lithium hydroxide from Rock Tech Lithium.

Rock Tech will deliver up to 10,000 tonnes of lithium hydroxide per year to Mercedes and its battery partners starting in 2026.

Canada-based Rock Tech Lithium Inc is about to enter into an agreement with Mercedes Benz to supply high-quality lithium hydroxide for the automaker and its battery suppliers.

Under the intended binding agreement, Rock Tech has agreed to deliver up to 10,000 tonnes of lithium hydroxide per year to Mercedes and its partners starting in 2026. Lithium hydroxide is an essential component of high-performance vehicle batteries.

As per the planned partnership, both companies aim to ensure that the amount of battery-grade lithium meets Mercedes-Benz’s growing demand to scale up electric vehicle production.

Rock Tech is also developing Europe’s first converter project in Guben, eastern Germany. The company aims to close this gap in the supply of lithium and to make regional supply chains more resilient by refining spodumene(a source of lithium) into high-quality lithium hydroxide at this converter by the end of 2024. This would create a short supply chain in Mercedes-Benz’s origin and is expected to further strengthen the partnership.

Markus Bruegmann, CEO of Rock Tech Lithium, said: With the envisaged agreement, we intend to provide Mercedes-Benz not only with high-quality lithium hydroxide but also to establish a strategic partnership that is expected to set new standards in sustainable supply chains. We are very pleased to have found a partner that intends to take important steps with us toward a more resilient and sustainable lithium supply chain to deliver an important part of their strategy and the e-mobility transformation.

Markus Schaefer, Member of the Board of Management of Mercedes-Benz Group AG, Chief Technology Officer, responsible for Research & Development and Procurement, said: Mercedes-Benz plans to go all-electric by the end of this decade, wherever market conditions allow. To scale up our electric vehicle production, access to raw materials is needed to improve the resilience and sustainability of the electric vehicle supply chain. With the partnership, we intend to take a direct sourcing approach to secure the lithium supply for Mercedes-Benz battery production.

Also Read: Canadian government signs MoU with Mercedes and Volkswagen to help meet growing EV demand.

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