As a major producer of lithium salt, Ganfeng Lithium Industry (002460.SZ) will benefit from high prosperity in 2021. At the 2021 results presentation, investors showed great interest in the company's future lithium layout. According to the company's board secretary Ouyangming, according to the company's plan, the supply capacity of 300000 tons of lithium carbonate equivalent will be formed by 2025, of which the supply of its own resources will not be less than 200000 tons of lithium carbonate equivalent.
According to the 2021 annual report of Ganfeng Lithium Industry, the company currently has an annual production capacity of 43000 tons of lithium carbonate, of which the effective capacity is 28000 tons, with a capacity utilization rate of 68.79%. The existing annual production capacity of lithium hydroxide is 81000 tons, of which the effective capacity is 70, 000 tons, and the capacity utilization rate is 87.98%. The annual production capacity of lithium metal is 2150 tons, and the capacity utilization rate is 96.92%. As for the company's current production capacity and output, Li Liangbin said frankly that at present, the relationship between supply and demand of lithium salt is tight, the company's products are full of sales, and the inventory is very small. "the company will also increase the construction of new capacity to help ease the shortage of supply and demand in the market."
According to public data, in the company's ongoing project, Argentina's Cauchari-Olaroz Salt Lake plans to have a production capacity of 40,000 tons of lithium carbonate in the first phase and an expansion capacity of not less than 20,000 tons of lithium carbonate equivalent in the second phase. Yang Manying, the company's financial director, responded that "the project will be put into trial production in the second half of 2022." After the completion of the Mahon Phase IV project, the remaining lithium hydroxide capacity will be effectively replenished. for the project, Li Liangbin revealed that it is expected to be completed and put into production in the second half of this year.
In terms of lithium ore resources, Ganfeng lithium industry is also increasing its layout. Li Liangbin told investors at the meeting that the current production capacity of the Goulama lithium mine in Mali is 506000 tons of lithium concentrate per annum in the first phase and will be expanded to 831000 tons in the second phase. At present, the project is operated by the local team of the joint venture company, and Gan Feng will also provide all kinds of support in the construction of the project and strive to put into production as soon as possible.
In addition, Ganfeng Lithium Industry announced on April 6 that it will upgrade the ore processing capacity of the joint venture mine Mt Marion spodumene project. The lithium concentrate capacity of the Mt Marion project will be increased from 450000 tons / year to 600000 tons / year by April this year, and the second phase of capacity expansion will be completed by the end of 2022, when the lithium concentrate can be expanded to 900000 tons / year.
With regard to the Songshugang Tantalum and Niobium Mine project indirectly owned by Xinyu Ganfeng, a subsidiary of Ganfeng Lithium Industry, Li Liangbin responded at the meeting that the capacity construction of the Songshugang project will begin after the project is completed and is expected to take about two years to complete, and the company will also consider building a new supporting production line.
On the other hand, lithium recycling business will also complement the formation of lithium salt plate. With regard to the lithium recycling business, Li Liangbin told the Financial Associated Press that according to the company's plan, a recovery scale of 10,000 tons of lithium carbonate equivalent will be formed in 2022 and is expected to form a recovery scale of 25000 tons of lithium carbonate equivalent in 2023.
In addition to lithium mining and lithium salt construction, from the end of 21 to the beginning of this year, the first batch of Dongfeng E70 electric vehicles equipped with Ganfeng solid-state batteries were officially delivered, and the industrialization of Ganfeng lithium solid-state batteries began. Li Liangbin told investors at the meeting that the company's performance indicators such as the number of solid-state battery cycles have met customer requirements and industry standards, and its performance meets the company's expectations after loading. Talking about future planning, Li Liangbin told the Financial Associated Press: "the company will actively expand downstream and promote the research and development of semi-solid and solid-state batteries." The company is expected to form 2GWH's first-generation semi-solid battery capacity this year.
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