AMG published its 2025 annual report, citing a 40% rise in adjusted EBITDA versus 2024 despite continued low lithium and vanadium pricing. The company said performance was driven by stronger results in its Technologies segment, including higher antimony prices and demand in its engineering business. AMG reported the Bitterfeld lithium hydroxide refinery is producing in specification and is progressing through customer qualification, with commercial volumes expected by mid-2026. It also highlighted ongoing expansion in vanadium recycling in the US and Saudi Arabia, including construction of ACMC Phase 1 targeting 8 million pounds of V2O5 output. AMG said it plans to sell its graphite business for an enterprise value of USD 65 million and closed its silicon operations at the end of 2025.

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