SMM September 30th: on September 29th, German Nano announced that the company signed an investment agreement with the Qujing Municipal people's Government and the management committee of Qujing Economic and technological Development Zone on the project with an annual output of 2.5 kilotons of lithium supplements, with a total investment of 3.5 billion yuan and the construction of an annual capacity of 25000 tons of lithium supplements in Qujing Economic and technological Development Zone.
It is reported that the project covers a total area of about 300 mu and will be completed within 24 months from the date of the actual delivery of the project land in Qujing Economic and technological Development Zone. For German Nano, the purpose of this foreign investment is to quickly promote the industrialization of the company's lithium supplement project, meet the market needs of downstream customers, and further enhance the company's comprehensive strength. In addition, German Nano also warned that as the construction and implementation of the project requires a certain cycle, it is not expected to have a significant impact on the company's performance in the short term.
It is worth mentioning that, as a leading enterprise of lithium iron phosphate, the share price of German Nano rose rapidly in 2021 driven by the rising price of upstream raw materials and the tight supply and demand of lithium iron phosphate market. In the third quarter alone, German Nano shares rose as much as 141.7% from the beginning of July to the close of September 29.
According to public data, German Nano, founded in 2007, is committed to the research, development, production and sales of core materials for lithium-ion batteries. The company's core product, nanometer lithium iron phosphate, is widely used in new energy vehicles, energy storage systems and other fields. As of August, the total production capacity of nanometer lithium iron phosphate built by the company is about 120000 tons / year. If the Qujing project can be carried out normally, German Nano Lithium Iron Phosphate shipments are expected to reach 200000 tons in 2022.
In addition, as early as September 3, German Nano also announced that it intends to invest not less than 2 billion to build a production base of 100000 tons of new phosphate cathode materials in Qujing Economic and technological Development Zone; on the same day, it also announced that it plans to invest about 800 million yuan to invest in a new project with an annual production capacity of 200000 tons of lithium iron phosphate precursors in Zhanyi Industrial Park in Qujing City.
As we all know, lithium iron phosphate has returned to the mainstream of power batteries. In the past seven months, the installed capacity of lithium iron phosphate power batteries has reached 28.02 GWH, an increase of 33.3% over the same period last year. Many car companies have begun to develop models loaded with lithium iron phosphate batteries, while Century Securities previously estimated that lithium iron phosphate in China's power battery market share is expected to rise to 45% in 2021, the number of vehicles will reach 63 GWH, an increase of 160% over the same period last year. Considering the rapid release of energy storage, Century Securities believes that the shipment of lithium iron phosphate cathode materials will reach about 320000 tons in 2021.
Thus it can be seen that lithium iron phosphate can not be limited in the future. According to the spot price of SMM metal, as of September 29, the average spot price of power lithium iron phosphate was 75000 yuan / ton, up 97.4% from the beginning of the year.
"Click to view the spot market of SMM metal.
SMM believes that the expansion of iron and lithium market in the second half of the year is obviously delayed, and the increase in demand is less than expected, but the gas and electricity restrictions brought about by the fourth quarter may affect upstream production, and the supply and demand structure is expected to remain tense. "View details
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