Infinity Lithium (ASX:INF) is talking to key stakeholders in Europe, just as calls for more public investment in securing battery materials grows louder.
AT A GLANCE
- Key European investment figure, Maroš Šefčovič, has called for more investment in the continent’s battery minerals sector
- The comments come as Infinity Lithium presented to a global conference in Chile as a representative of Europe’s lithium sector
- The European Batteries Alliance is set to meet with the company this month, to talk through potential financing options
Making a speech in Europe overnight vice president of the European Investment Bank (EIB), Maroš Šefčovič, called for more public investment from the EU to secure battery minerals.
“We cannot sit idle while China is taking control of all the supply,” he said.
“Our companies have the worlds’ most innovative processes and apply the highest environmental and social standards – they can make a real difference on the ground in resource-rich countries.”
“But they also need more de-risking from public investors.”
However, he also called for substantial investment in the continent’s refining capacity.
“Even if we were to ramp up production for batteries – as planned – for 2023-25 and invest in extraction activities, we would still need to ship lithium to China and back for refining,” Šefčovič said.
“We therefore need our European Investment Bank to become more fully engaged in raw material projects in exploration, mining and refining.”
His comments couldn’t be better timed for Infinity Lithium, with the company presenting in Chile as a representative of the European lithium industry overnight — with more than 400 leading lithium figures in attendance.
The European Batteries Alliance, under the auspices of the EIB, is set to meet with the company this month at its San Jose project in Spain — with help securing financing for the project being sought.
About Infinity Lithium
Infinity Lithium (ASX:INF) is an Australian listed minerals company which is seeking to develop its 75 percent owned San Jose Industrial Lithium Project located in Spain.
The project will be developed by open pit methods with the ore treated and refined onsite to produce high quality, battery grade lithium hydroxide.
Infinity’s goal in the long term is to supply the European lithium-ion battery supply chain and EV industry.
This content is produced by Star Investing in commercial partnership with Infinity Lithium. This content does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
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