Updates and Highlights:
With developments in nickel rich battery cathode technologies, Lithium hydroxide is increasing in importance for LIBs. On the back for electric vehicle projections, growth in battery grade lithium chemicals demand, instead of lithium carbonate, is now widely projected to be for lithium hydroxide. Expected to be completed in Q4 2018 as work continues, San Jose lithium hydroxide scoping study scope to be expanded. To optimize process flow sheet, advances have highlighted potential variations in input reagents. To produce a complimentary saleable product, the production of lithium sulphate provides an opportunity as an intermediate product on route to a battery grade lithium carbonate or hydroxide. With San Jose positioned to capitalize on developments, European investments in the battery chain continue to gain momentum.
Lithium Hydroxide Demand:
In addition to Nickel-Cobalt-Aluminum (NCA) technologies that have also moved towards lithium hydroxide, the rapid evolution towards NMC622 and NMC811 cathodes has seen lithium hydroxide as the preferred lithium chemical for cathode production. In Lithium Ion Batteries (LIB), Lithium remains as the only element that cannot be substituted and the advancements in battery technologies require the need for in particular the need for lithium hydroxide and high purity lithium. Battery-grade lithium hydroxide is expected to exceed battery-grade lithium carbonate, due to these expected increases in demand for higher performance battery cathodes, and become the main product consumed in the rechargeable battery market by 2024. The low impurities featured in mineral-based hydroxide and hard rock lithium resources is particularly advantageous when selling to cathode manufacturers, compared to suppliers using brines to source lithium raw materials.Â
As compared to lithium carbonate, Lithium hydroxide demand continues to grow faster, and most of the recent investments in lithium chemical plants have been in lithium hydroxide production. Through a joint venture agreement relating to the San Jose Lithium Project, Infinity Lithium Corporation Limited remains in partnership with Valoriza Mineria regarding the vertically integrated chemicals project and lithium resource near Caceres in the Extremadura Region in Spain. As a hard rock lithium deposit, infinity has identified that the San Jose resource, has a natural advantage over brine producers due to a straight conversion process through a lithium sulphate transitional pathway. Prior to the conversion to lithium hydroxide, Brines require the production of lithium carbonate. A lithium hydroxide scoping study have commenced by Industry leaders Wave International.
Additional work to be led by the consultants undertaking the Scoping Study for the Company has been justified by the identification of the potential market for lithium sulphate recently. To produce lithium after calcining (roast) with sulphate reagents, Lithium mineralization at San Jose is contained within a lithium-bearing mica. To produce lithium carbonate and battery grade lithium carbonate, the use of potassium sulphate has been targeted by Infinity, has been independently produced using San Jose material and this sulphate pathway. Local ore characteristics and a trade-off between cost and recovery of lithium into the leach is what the range depends on. As part of Infinityâs lithium hydroxide scoping study, work which is being undertaken has highlighted the potentially advantageous use of sodium sulphate as the roast additive. INF is trading at a market price of $0.061 as at Oct 16, 2018.
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