South Korean lithium-ion manufacturer LG Energy Solutions has secured a supply of battery grade lithium-hydroxide from a Spanish mine.
The firm will receive the first rights to 10,000 tpa from the San Jose Industrial Lithium Project following the signing of a non-binding memorandum of understanding (MoU) with Infinity Lithium Corporation.
The MoU refers to the potential supply of the material for an initial five-year period with the opportunity to extend that for a further five years.
Australia-listed firm Infinity owns the Spanish site with its joint venture partner Valoriza Mineria S.A.
The project treats and refines the ore into lithium hydroxide on site.
A binding offtake agreement is due to be signed within 12 months of the MoU.
Infinity Lithium first unveiled a scoping study for its San Jose project in 2018.
The company had previously released a lithium carbonate scoping study for San Jose, but said at the time it was shifting the project’s focus towards lithium hydroxide.