Alkemy JV looks to build UK graphite processing plant

London-based critical minerals incubator Alkemy Capital Investment has signed a non-binding memorandum of understanding (MoU) with miner Syrah Resources to establish a joint venture (JV) to develop a commercial-scale natural graphite active anode material AAM processing facility within the Teesside freeport area in the northeast of England.

The JV aims to supply AAM to the European market, but having processed AAM on its doorstep could be a particular boon for firms developing gigafactories in the UK itself. China’s Envision AESC is expanding its existing site on Sunderland, close to Teesside, while India’s Tata Motors has committed to a new battery plant in southwest England.

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. 

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