The raw materials supplier thyssenkrupp Materials Trading and the German-Canadian clean-tech company Rock Tech Lithium have signed a memorandum of understanding on the supply of spodumene concentrate rock containing lithium. The mineral spodumene is one of the most important raw materials needed for the production of lithium-ion batteries, which are used in electric cars, for example. For this, the raw material spodumene must be refined into lithium hydroxide, which can then be supplied to cathode manufacturers for the battery industry worldwide. Cathodes and anodes are essential components of battery cells, without which the current would not flow. Rock Tech Lithium Inc. will process the spodumene concentrate into battery-grade lithium hydroxide in the first converter in Europe, which is scheduled to come on stream in Guben, Brandenburg, in 2024. In addition to the supply of spodumene by thyssenkrupp Materials Trading, the agreement between the two companies also includes the purchase of the lithium hydroxide for the battery market and other industries, as well as the purchase of products that will be created during the refining process. The purchase of lithium hydroxide enables thyssenkrupp Materials Trading to meet the needs of European and Asian cathode manufacturers directly from Germany and thus make a valuable contribution to the security of supply of the automotive industry with essential components for electro mobility. Rock Tech Lithium is a clean-tech company operating in Germany and Canada that will supply the automotive industry with high-quality lithium hydroxide "made in Germany". As early as 2024, the company will commission Europe's first lithium converter with a production capacity of 24,000 tonnes per year. A quantity sufficient to equip around 500,000 electric cars with lithium-ion batteries. The clean-tech company aims to create the world's first closed-loop system for lithium and thus close the raw material gap on the road to clean mobility. Rock Tech owns the Georgia Lake lithium project in Ontario in Canada.