In recent times we have seen a number of developments in the lithium space, all of which continue to support a strong investment case for Infinity Lithium Corporation.
The San Jose Lithium Hydroxide PFS is due for completion late June/early July which we expect to further validate San Jose as a commercial project.
We thought this to be an opportune time to highlight some key points from McKinsey & Co and Rodney Hooper (Featured in Seeking Alpha).
If we can take away one point: ?The projected battery demand from EVs produced in Europe is more than five times the volume of currently confirmed projects in Europe?. Therefore supply issues are expected and prices may rise.
McKinsey & Co ? May 2019: Recharging Economics, The EV-Battery Manufacturing Outlook For Europe:
A range of companies have recently committed to constructing or expanding battery cell plants in the EU - by 2023/2024, the expected effective capacity is 147 GWh.
The EU has no meaningful lithium chemical production facilities; VW has announced plans to support mining projects in Central and Southern Europe to feed its German production base.
There are very few economically viable projects in the region, leaving investors with a short list of listed equities to choose from.
Northvolt: The company has just secured a EUR350m loan from the EIB to build a plant planned to produce a total of 32 GWh, by 2023 in Sweden. This is the start of efforts by the EU to create local battery suppliers to compete with the established Asian players like CATL and LG Chem.
The projected demand for Electric Vehicles and their lithium-ion batteries is very strong with supply shortfalls for lithium-ion expected by 2023. As such, Infinity is well placed for the future.
Managing Director and CEO
+61 (8) 6461 6350
Swiss Resource Capital AG
About Infinity Lithium
Infinity Lithium is an Australian listed minerals company who is seeking to develop its 75% owned San Jose Lithium Project and produce battery grade lithium hydroxide.
The San Jose deposit is a highly advanced, previously mined brownfields development opportunity representing one of Europe?s largest lithium deposits.
Die PresseMitteilung stellt eine Meinungsäußerung des Erfassers dar. Der Erfasser hat versichert, dass die eingestellte PresseMitteilung der Wahrheit entspricht, dass sie frei von Rechten Dritter ist und zur Veröffentlichung bereitsteht. businesspress24.com macht sich die Inhalte der PresseMitteilungen nicht zu eigen. Die Haftung für eventuelle Folgen (z.B. Abmahnungen, Schadenersatzforderungen etc.) übernimmt der Eintrager und nicht businesspress24.com