AMG Approves US Chrome Manufacturing Plant

Core Viewpoint - AMG Critical Materials N.V. has announced a capital investment of USD $15 million to establish a chrome metal production facility in the United States, which will be the only one of its kind in the country and is expected to be operational by the first quarter of 2026 [1][2]. Company Overview - AMG is focused on providing critical materials and related process technologies aimed at advancing a less carbon-intensive world, with a particular emphasis on energy storage materials such as lithium, vanadium, and tantalum [3]. - The company operates globally with approximately 3,600 employees and has production facilities in multiple countries including Germany, the UK, France, the US, China, Mexico, Brazil, India, and Sri Lanka [5]. Industry Context - Chrome metal is classified as a Critical Material in the United States due to its significance in various industrial alloys and the current lack of domestic production [2]. - AMG's Lithium segment aims to reduce the CO2 footprint across the lithium value chain, while its Vanadium segment leads the market in recycling vanadium from oil refining residues [4].