Man Group disclosed a 3.9% stake in AMG Critical Materials ahead of the June 12 AGM, signaling hedge fund interest in the lithium and vanadium supply chain.
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Man Group PLC now holds a 3.9% interest in AMG Critical Materials N.V., a position disclosed in a Form 8.3 filing with the U.K. Takeover Panel on Tuesday. The filing covers roughly 1.3 million shares in the Amsterdam-listed specialty metals and lithium refiner, held through the hedge fund's managed funds.
The disclosure is a public opening position filing required under Rule 8.3 of the Takeover Code. It was triggered because Man Group's combined holdings cross the 1% threshold. The form listed no short positions or derivatives tied to AMG shares.
AMG runs lithium, vanadium, and antimony processing plants across Europe, the U.S., and Brazil. The company's stock has gained roughly 12% this year, supported by European Union policies that classify lithium and vanadium as strategic raw materials under the Critical Raw Materials Act. AMG's lithium hydroxide facility in Bitterfeld, Germany, began commercial shipments in late 2024.
The stake disclosure does not signal a formal bid approach. It does show that the world's largest publicly traded hedge fund sees value in the critical minerals supply chain. The filing arrives ahead of AMG's annual general meeting scheduled for June 12.
The U.K. Takeover Panel requires any fund holding 1% or more in a company subject to takeover rules to disclose positions and dealings. AMG shares closed at €24.80 in Amsterdam on Monday.
For more on critical minerals investing, see our commodities analysis.
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