Total Investment Of 12 Billion Yuan Lithium Battery Project Lands In Guangzhou

This week, ternary cathode precursor prices declined slightly. Raw materials, nickel sulphate prices edged up today, cobalt sulphate prices declined again, and manganese sulphate prices held steady.

[SMM Hydrogen Energy Express] On March 5, Premier Li Qiang delivered the government work report at the Fourth Session of the 14th National People’s Congress, emphasizing that every effort must be made to advance the development of a green, low-carbon economy. Specific measures include: improving relevant policies to promote green, low-carbon development; carrying out actions to improve quality, reduce costs, and cut carbon emissions in key industries, and further advancing the development of zero-carbon industrial parks and factories; establishing a national low-carbon transition fund to actively foster emerging growth drivers such as hydrogen energy and green fuels; implementing strong and effective controls over high energy-consuming and high-emission projects, accelerating the phase-out of outdated capacity, while supporting innovation and application of green, low-carbon technology and equipment; improving the mechanism for managing total resource volumes and the comprehensive conservation system, and strengthening the recycling and utilization of renewable resources.

Recently, the commissioning ceremony for the first phase of Gansu Jinlin Lithium Battery New Materials Co., Ltd.'s annual 100,000-ton lithium-ion battery cathode material production line project was held in Lanzhou New Area. The project covers a total area of 363 mu with a total investment of 3.135 billion yuan. It will be constructed in two phases, each with a capacity of 100,000 tons. Construction of the first phase, the annual 100,000-ton lithium iron phosphate production line, began in April 2024 and has officially commenced production after over a year of construction.