C Si Ni Cr V Ti Ta Sc Li Sr Zr Fe Cu Zn Sn B Al Ce U Mn Mo Nb Sb

Infrastructure
It is estimated between $25 trillion and $30 trillion
will be spent on global infrastructure over the coming
two decades. 1
Long term fundamental changes involving infrastructure growth in emerging economies
and natural resource scarcity are impacting demand on AMG’s infrastructure
products. AMG produces ferrovanadium, which, when added to crude steel, creates a
product that is lightweight and extremely high in tensile strength and wear resistance.
AMG also produces ferronickel-molybdenum which is used to create high quality
stainless steel and special bar quality steel. AMG produces these ferroalloys via recycling
spent oil catalysts from the Canadian Oil Sands. In this unique business model,
AMG’s technologically advanced process recovers these valuable specialty metals
from hazardous waste, eliminating the need to landfill this waste. AMG estimates that
the energy consumption used to produce recycled vanadium is approximately 60%
of primary manufacturing routes. AMG is the largest recycler of spent catalysts in
the world and has an estimated 30% ferrovanadium market share in North America.
Demand for these alloys is driven both by infrastructure expenditures and an increase
in vanadium usage per metric ton of steel in developing countries. For example,
structural steel in China contains only 1 /3 of the vanadium per metric ton of steel as
in North America. 2
AMG also produces high purity natural graphite at Graphit Kropfmühl. Natural
graphite is known for its conductivity, lubrication, heat resistance, and bonding
properties. Graphit Kropfmühl produces the highest quality graphite through
its own source mines and vertically integrated production facilities. This high
purity natural graphite is primarily used in the infrastructure industry as thermal
insulation for the building materials.
$162.7M 17% $34.7M 21%
AMG revenue of total AMG
revenue
16 Market Focus Report | Infrastructure
gross profit gross margin