[put into production] Sichuan new lithium wants to invest 750million yuan to put into production the first phase of the 50000 ton / year cathode material project

On August 18, the commissioning ceremony of the 50000 ton / year lithium battery cathode material project phase I (with an annual output of 10000 tons) of Sichuan xinlixiang Energy Technology Co., Ltd. was held in Shehong lithium battery industrial park. The project will add new momentum to the development of Suining lithium battery industry.

At present, the world is undergoing a revolution in the field of transportation energy. As the core and key to the development of new energy vehicle industry, power batteries have triggered countries around the world to introduce policies to vigorously support and develop. The 50000 T / a lithium battery cathode material project of Sichuan xinlixiang Energy Technology Co., Ltd. is an important link in the Shehong lithium battery industry chain. The planned construction land of the project is 600 mu, which will be completed in three phases. It is planned to achieve a production capacity of 50000 tons / year of cathode materials, and the construction period is 5 years. The first phase of the project plans to invest 750million yuan to build a 10000 ton / year cathode material production line, which will be put into operation on August 18. After the completion of the project, more than 300 jobs will be provided, and the annual output value will exceed 1billion yuan. (source: battery bairenhui battery network)

[cooperation] Ganfeng lithium and jiangte electric signed a lithium salt production line cooperation agreement

On August 19, Ganfeng lithium (002460) announced that the company, together with Jiangxi special motor Co., Ltd. (002176.sz) (hereinafter referred to as "jiangte motor"), Jiangxi jiangte Mining Development Co., Ltd. (hereinafter referred to as "jiangte mining"), a wholly-owned subsidiary of jiangte motor Yichun Yinli new energy Co., Ltd. (hereinafter referred to as "Yichun Yinli") (the above three are collectively referred to as "jiangte motor and its subsidiaries") signed a lithium salt production line cooperation agreement in Xinyu City, Jiangxi Province. Jiangte motor and its subsidiaries plan to use its lithium mica and spodumene to prepare lithium carbonate Production lines of lithium hydroxide and by-products (specifically including the subordinate production lines of the "comprehensive utilization project of annual preparation of 5000 tons of lithium carbonate and by-products with lepidolite", "the expansion project of annual preparation of 10000 tons of battery grade and industrial grade lithium carbonate with spodumene" and "the project of annual preparation of 10000 tons of lithium carbonate with lepidolite") According to the terms and conditions of the agreement, Ganfeng lithium has full power to deliver its land and plant to Ganfeng lithium for independent production, operation and management, and enjoys all operating income and bears all operating losses.

It is understood that during the management period from October 1, 2020 to March 31, 2023, Ganfeng lithium should pay a total of 192million yuan (including tax) to jiangte electric and its subsidiaries. (source: battery bairenhui battery network)

[market] the turning point of cobalt price is before September

From the supply and demand situation of the cobalt industry, due to the impact of the epidemic, China's imports of cobalt raw materials fell sharply year-on-year in the second and third quarters, and the domestic inventory of cobalt raw materials may continue to be tight. While the marginal demand side has improved, 5g mobile phones in China may account for nearly 65%.

Since the middle of July, the price of cobalt has continued to rise. The average price increase of cobalt series products from July to August is nearly 5 times that of May to June. From the perspective of products, the supply and demand structure of cobalt sulfate has continued to improve, with strong support for prices. Although the demand of the new energy vehicle industry has remained depressed due to the epidemic this year, the marginal has gradually recovered since June, the supply of cobalt sulfate has been reduced, and some production lines of cobalt salt plants have been switched from cobalt sulfate to cobalt chloride. In May this year, cobalt sulfate began to be destocked. According to the current understanding of the demand for downstream ternary precursors and cobalt trioxide, it may continue to be destocked in the second half of the year, and the supply and demand structure will continue to improve, with strong support for prices.

In terms of fundamentals, the import volume of cobalt raw materials increased in the fourth quarter, the marginal demand situation slightly warmed up, and the fourth quarter entered the off-season. September can be regarded as a turning point from prosperity to decline. In addition, the market feedback terminal sales data is expected to be pessimistic, and the battery inventory continues to accumulate. Generally, the battery inventory accumulates to the highest point in the fourth quarter, so the price pressure from October to December is large, or it may be corrected. Combined cobalt may be collected and stored at the end of the year, which slightly supports the price of electrolytic cobalt. It is expected that the price of electrolytic cobalt may fall to the range of 25.9-28. (source: Shanghai Nonferrous Metals network)

[market] lithium salt quotation is generally stable

Last week, the quotation of industrial carbon and electric carbon remained stable, and the domestic lithium hydroxide fell slightly. Recently, the demand for lithium iron phosphate and ternary lithium salt has increased significantly, and the shipments of large lithium salt plants in Jiangxi and Qinghai are in good condition. However, the inventory pressure of small and medium-sized enterprises is obvious, and the supply and demand of a large number of foreign sources are still lack of substantial improvement. Since this year, lithium salts, especially lithium carbonate products, have increased slightly. Due to the impact of the epidemic, some overseas lithium resource supply enterprises have reduced capital expenditure, the release of supply has slowed down significantly, and the bottom of lithium price has been basically established. Indeed, because the upstream has not been substantially cleared and the downstream demand has not warmed up on a large scale, it will take time for the trend of the price center to rise. (source: Anxin securities)

[market] the average price of lithium iron phosphate, a domestic premium power product, is 37000 yuan / ton, and the price is stable

According to the data monitored by the business agency, as of August 21, the average price of domestic power lithium iron phosphate was 37000.00 yuan / ton. The domestic power lithium iron phosphate operated smoothly, with limited demand, increased orders and stable prices.

The market price range of lithium iron phosphate power type is 34500-37000 yuan / ton, the price is stable, the supply and demand is balanced, and the demand is general. At present, the price range of lithium iron phosphate energy storage type is 28000-31000 yuan / ton, and the average price is about 29500 yuan / ton. (source: Business Club)

Profitability of Eurasia energy in the first half of the year (unit: yuan)

[performance] in the first half of the year, the positive electrode material revenue of Eurasia energy was 11.415 million yuan

On August 18, Eurasia energy (836058) released its 2020 semi annual report. In the first half of the year, the company achieved a sales revenue of 37.7792 million yuan, a decrease of 33.2759 million yuan over the same period in 2019, including 26.3642 million yuan of cell and power supply revenue, accounting for 69.78%; The income of cathode materials was 11.415 million yuan, accounting for 30.22%.

According to the data, Orsay energy was founded in September 2008 with a registered capital of 117.11 million. It is a high-tech enterprise specializing in the R & D, production, sales and service of lithium iron phosphate cathode materials, cells, battery modules and power system solutions. Its products are widely used in power, energy storage, UPS power and other fields. (source: battery bairenhui battery network)

Image source: anda technology official website

[performance] the revenue of lithium iron phosphate business of Anda technology in the first half of the year was 29.584 million yuan

On August 18, anda Technology (830809) released its 2020 semi annual report. In the first half of the year, anda technology achieved an operating revenue of 35425340.78 yuan, a decrease of 55.58% over the same period last year; The operating cost was 41013005.26 yuan, a decrease of 48.57% over the same period last year; The net profit attributable to the shareholders of the listed company was -76144971.73 yuan, an increase over the same period last year. Among them, the main business revenue was 35425340.78 yuan, a decrease of 55.58% over the same period last year, especially the lithium iron phosphate business revenue was 29584036.94 yuan, a decrease of 59.97% year-on-year. (source: battery bairenhui battery network)

[think tank circle] lithium iron phosphate is popular with institutions

According to the latest report of wood Mackenzie, in the next decade, lithium iron phosphate is expected to surpass lithium manganese cobalt oxide as the dominant electric energy storage chemical, gain a firm foothold in the battery storage market, and then gradually occupy a dominant position in the field of electric vehicles. Its analyst Milan Tucker also said that if there are major improvements in weight energy density and CTP battery pack technology, lithium iron phosphate will be more applied in the field of electric vehicle batteries.

Considering the lack of nickel and cobalt resources, many analysts also hold the same view as the above, but from the current layout of domestic and foreign battery enterprises, lithium iron phosphate has occupied an advantage in the application of fixed energy storage, while in the field of electric passenger vehicles, the main incremental market of new energy vehicles, ternary lithium batteries are still the focus of most enterprises' R & D layout.

Article source:Battery net