- Mineral company Infinity Lithium Corp plans to work with a unit of Germany based multinational conglomerate group ThyssenKrupp AG in order to assess if green hydrogen can be utilised in lithium production.
- Green hydrogen can be used to help decarbonise high carbon emitting sectors such as mining, aviation and others.
Australian mineral firm Infinity Lithium Corp stated today that it plans to work with a unit of Germany based multinational conglomerate group ThyssenKrupp AG in order to assess if green hydrogen can be utilised in the production of lithium.
According to Infinity Lithium, the two companies plan to commence a pilot project at a ThyssenKrupp german facility and aim to possibly integrate the green hydrogen technology into the lithium focused company’s San José lithium project, which is located in Spain.
The partnership comes as lithium gains importance as a key metal, due to it being a critical EV component. The demand for EVs are set to boom in the upcoming years amid the global transition towards a low carbon economy.
Green hydrogen is produced from water by using renewable electricity. This type of hydrogen can be used to help decarbonise high carbon emitting sectors such as mining, aviation and others.
In view of this, let us take a look at 2 AIM listed lithium stocks in the industrial metals and mining sector which have a one-year return of over 60 per cent:
- Zinnwald Lithium PLC (LON: ZNWD)
Zinnwald Lithium is a Germany focused lithium development firm. The company recently reported its interim results, for the six-month period ended on 30 June.
During the period, the company increased its overall resource of contained lithium carbonate equivalent (LCE) by over 50 per cent to more than 1 million tons LCE. The increase came amid Zinnwald being granted a new exploration licence.
Image source: Refinitiv
Zinnwald’s shares closed at GBX 17.80, higher by 0.28 per cent on 3 December, while the FTSE AIM All-Share index, which it is a part of, ended at 1,182.30, down by 0.54 per cent.
The company has a market cap of £45.50 million, and a one-year return of 170.93 per cent as of 3 December.
- Atlantic Lithium Limited (LON: ALL)
Atlantic Lithium is an African focused lithium exploration and development firm. The group recently reported a 47 per cent increase in its mineral resource estimate to 21.3Mt at 1.31 per cent Li2O for its Ewoyaa Project in its Cape Coast lithium portfolio which is located in Ghana.
The above-mentioned mineral resource is in accordance with JORC Code (2012).
Image source: Refinitiv
Atlantic Lithium’s shares closed at GBX 22.05, up by 0.23 per cent on 3 December.
The company has a market cap of £126.51 million, and a one-year return of 68.32 per cent as of 3 December.