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AMG Advanced Metallurgical Group N.V. Reports Full Year and Fourth Quarter 2020 Results Coronavirus Update As of today, out of over 3,000 employees we have 3 active confirmed coronavirus cases globally. AMG has zero current COVID hospitalization cases. AMG has not experienced any coronavirus related fatalities, and our current cases have not resulted in a facility closure or operational interruption. AMG continues to implement preventive measures such as practicing social distancing, remote working when possible, and restrictions on travel to protect the health and safety of our employees. Strategic Highlights The construction of AMG’s second ferrovanadium plant in Zanesville, Ohio is proceeding as planned. As of December 31, 2020, AMG has committed $206 million in construction and engineering contracts for the project. ....
AMG Advanced Metallurgical Group N.V. Enters into Long-Term Lithium Concentrate Supply Agreement Amsterdam, 12 January 2021 (Regulated Information) - AMG Advanced Metallurgical Group N.V. ( AMG , EURONEXT AMSTERDAM: AMG ) announces that AMG Brasil S.A. (“AMG Brazil”) has entered into an Exclusive Cooperation Agreement (“ECA”) with one of its major customers for lithium concentrates. The ECA provides for AMG Brazil to supply 200,000 DMT over a 5-year supply term, which will be obtained from an expansion (targeting 40,000 DMT per annum) of AMG Brazil’s existing lithium concentrate plant. The ECA includes an Advanced Payment for lithium concentrate which will fund AMG Brazil’s investment in the expansion. Sales prices under the agreement are indexed to the published market price of lithium carbonate with a minimum price. ....