Australian Stock Exchange listed Infinity Lithium Corporation (ASX: INF) has increased its scoping study for its San Jose lithium hydroxide project.
The market is driving the company’s decision to increase their study, with lithium hydroxide being the preferred form, with demand increasing far greater than brine or carbonate.
Infinity’s San Jose project has a substantial resources of hard rock lithium hydroxide, leading the company to investigate ways to further develop their lithium sulphate transition process.
The majority of recent investment across the market have been in lithium hydroxide assets as battery makers’ move towards higher energy dense cathodes.
The European Union has already announced plans to primarily produce electric vehicles in the future, creating significant motivation for a number of lithium hydroxide producers to fast track their projects.
Infinity expects lithium hydroxide to outshine battery-grade lithium carbonate and become the key component used in the rechargeable battery market.