The electricity market will grow and grow in the coming years. The industry has taken a course that will not be changed. Electric cars have myriad advantages, but they also have some weak points, such as the uniqueness of some of their materials. Lithium has become the most precious element in the industry. Its need to manufacture batteries has prompted many manufacturers to try to ensure the flow of supply for years to come. Mercedes has signed a significant agreement with Rock Tech that guarantees 10,000 tonnes of lithium per year from 2026,
Canada is investing heavily to establish itself as one of the most strategically important countries in the world of electric mobility. Being the second largest country in the world With 9.9 million square kilometers, it provides a vast area in which some important mining resources can be exploited., Rock Tech Lithium Inc. is the largest in the country with a number of resources, many of them focused exclusively on electric mobility.
“Canada is fast becoming the green supplier of choice for major auto companies, including major European manufacturers, as we transition to a cleaner, greener future. By partnering with Mercedes-Benz, Canada is consolidating its leadership role as a world-class automotive innovation ecosystem For clean transportation solutions. Canada is committed to building a strong and reliable automotive and battery supply chain here in North America to help the world meet global climate goals.
The statement from Canada’s Minister of Innovation, Science and Industry reaffirms the importance of an agreement that will be significant. 10,000 tons of lithium hydroxide which guarantees the production of millions of batteries for electric cars. The agreement considers supplies from 2026. The agreement guarantees a responsible supply. Lithium will be procured only from mining sites that are audited and which meet mining standards The Responsible Mining Guarantee Initiative, which ensures the highest environmental and human rights standards.
Needless to say, Mercedes is happy with the signing of the agreement, beyond which no figures have been revealed. Marcus Schaefer, a member of Mercedes’ board of directors, has announced: “Mercedes-Benz seeks to open new ways to responsibly source raw materials to rapidly scale up electric vehicle production, Ensuring direct access to new primary and sustainable sources of raw materials is an important step on this path. Together with Canada, Mercedes-Benz has a strong and capable partner to break new ground for a new era of sustainable change in the automotive industry.”
This agreement does not limit the possibility of establishing others providing greater protection for the supply of elemental materials such as lithium. Mercedes is still on the lookout for business partners to ensure a constant flow to build out its increasingly broad electric proposition., Across the planet, Mercedes has signed important agreements with other suppliers or manufacturers of batteries such as ACCE and CATL or Envision AESC in the United States. For its part, Rock Tech intends to launch the first lithium converter in Europe with a production capacity of 24,000 tonnes per year, the equivalent of the lithium needed to manufacture 500,000 electric cars.