AMG Critical Materials: Feedback from CFO roadshow: plenty of opportunities

研报英文原文证据摘录

AMG Critical Materials: Feedback from CFO roadshow: plenty of opportunities

Deutsche Bank

Research

Rating Company Date

Buy AMG Critical 13 May 2026

Company Update

Europe Materials

Netherlands

Reuters Bloomberg Exchange Ticker Price at 13 May 2026 (EUR) 40.86

AMG.AS AMG NA AEX AMG

Price Target (EUR) 42.00

Metals & Mining

52-week range (EUR) 39.78 - 17.90

Feedback from CFO roadshow: plenty

Valuation & Risks of opportunities

Michael Kuhn

This week, we hosted a roadshow with AMG's CFO Jackson Dunckel. AMG is

Research Analyst

garnering increasing attention as a key enabler of independent Western supply +49-69-910-46002

chains for critical materials. Investors on the roadshow responded strongly to

AMG’s unique positioning as the only local producer of battery-grade lithium Mengxian Sun, CFA

hydroxide in Europe, and a critical recycler of vanadium and other specialty metals

+49-69-910-41701

in the US and EU. Management emphasized unprecedented inbound interest from

governments and industry partners seeking to localize production of strategic

metals (e.g. lithium, vanadium) traditionally imported from China. AMG’s role as a

“one-stop-shop” for Western critical materials – from battery chemicals to

aerospace alloys – has firmly moved into the spotlight, supporting the equity story.

CO2 Abatement & Electrification at the Core: AMG’s portfolio is unified by CO₂

reduction and energy-transition themes, providing both lightweight, heat-resistant

materials and battery inputs that enable decarbonization. Management framed the

business as a “critical materials toolbox” serving two pillars: (1) Aerospace &

Energy Efficiency – e.g., vanadium and titanium alloys that lighten aircraft and

improve jet engine efficiency – and (2) Electric Mobility & Storage – e.g., lithium