London-listed Alkemy Capital Investments said Tuesday its new subsidiary Tees Valley Graphite (TVG) is studying a 50-50 joint venture with Australia-listed Syrah Resources. The firms signed a memorandum of understanding to establish a commercial-scale AMM plant at the Wilton International Chemicals Park, in the Teesside Freeport – where Alkemy’s Tees Valley Lithium is developing a lithium refinery.
The proposed joint venture will process Syrah’s natural graphite from its Balama operations in Mozambique into AMM to supply OEMs in the UK and European battery markets.
Initial production is planned at 20,000 tonnes/year of AMM.
Alkemy Capital Investments plc (LON:ALK) is focussed on developing projects in the energy transition metals sector. Tees Valley Lithium is developing a state of the art lithium hydroxide plant at Teesside, UK. Tees Valley Graphite is developing the UK’s first natural graphite active anode material processing facility at the ‘plug-and-play’ Wilton International Chemicals Park.