AMG : AMG Lithium CMD Feedback: Update on targets, reassurance due to guidance on production costs
>IPO not likely in the near term, medium term guidance to be upped - AMG held its AMG Lithium CMD yesterday in Frankfurt, which was well attended (30+ investors/analysts). CEO Schimmelbusch indicated that the AMG Lithium strategic review is likely to require significantly more time. CEO Schimmelbusch then pointed to Albemarle where the lithium business represents 70-80% of the company. AMG expects to achieve such a level in the next two to three years, suggesting that...AMG Advanced Metaurgical Group NV is a holding company. Through its subsidiaries Co. creates and applies metallurgical solutions to the global trend of sustainable development of natural resources and CO2 reduction. Co. operates in three business segments: the Advanced Materials segment is engaged in the production of specialty metals and alloys; the Engineering Systems segement consists of proprietary technologies for the design and engineering of vacuum furnaces and related equipment used in the production and treatment of metals and alloys; and the Graphit Kropfmuhl's segment extracts, processes and refines natural crystalline graphite
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