Australian lithium producer Vulcan Energy said on Tuesday that it was exploring the development of its central lithium plant with Frankfurt-based chemical producer Nobian.
As demand for lithium hydroxide has surged as a result of a shift in preference for electric cars, Vulcan hopes to capitalise on its position as a major supplier of raw materials to European carmakers, including Volkswagen, Stellantis and Renault, to close potential deals.
Lithium hydroxide is a key chemical used in the manufacture of electric vehicle batteries.
Vulcan and Nobian signed a memorandum of understanding and a list of terms to explore joint development to be carried out in phases. The company has acquired a site for a "zero carbon" lithium plant in Frankfurt.
J ü rgen Baune, managing director of Nobian, said the deal would make Nobian a key player in supplying raw materials to the battery industry.

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