Longbai Group: plans to invest 2 billion to build a project with an annual output of 200000 tons of lithium-ion battery materials.

SMM August 13: on the evening of August 12, Longbai Group announced that Henan Longbai New material Technology Co., Ltd., a wholly owned subsidiary of the company, plans to invest 2 billion yuan to build an annual production capacity of 200000 tons of lithium-ion battery materials industrialization project.

It is reported that the main purpose of the project is to build a lithium iron phosphate production line with an annual output of 200000 tons and related supporting engineering facilities. The construction will be divided into three phases, the first phase and the second phase will respectively build a lithium iron phosphate production line with an annual capacity of 50, 000 tons, and the third phase will build a lithium iron phosphate production line with an annual capacity of 100000 tons.

According to the announcement, the project will make full use of titanium dioxide by-products to prepare high value-added iron phosphate materials and further produce lithium iron phosphate under the two tenets of "large chemical industry" and "low cost". So as to promote the company to actively integrate into the new energy materials production supply chain and enhance the company's comprehensive competitiveness.

Coincidentally, prior to this, nuclear titanium dioxide, a leading enterprise in the field of titanium dioxide, also openly expressed the layout of the cathode material lithium iron phosphate production line to speed up the construction of a new energy structure with new energy as the main body.

As we all know, the power battery field has long been faced with the situation of "battery shortage". Whether cathode materials, negative materials, diaphragms or electrolytes, are in short supply, while lithium iron phosphate in cathode materials, with potential advantages such as cycle life and low cost, which is unmatched by other materials, is generally favored by the industry and is the main development direction of battery cathode in the future. Longbai Group to expand titanium dioxide business, Synchronize layout of lithium iron phosphate is also a wise move.

According to the spot quotation of SMM, as of August 12, the average price of power lithium iron phosphate was 53000 yuan / ton, an increase of 39.5% during the year.

"Click to view the spot market of SMM metal.

For the price trend of lithium iron phosphate in the future, previous SMM research shows that lithium iron phosphate is affected by the upward price of iron phosphate and lithium salt before, the cost rises, the factory replenishes the stock at the beginning of the month, and the price is transmitted to the iron-lithium enterprise end superimposed industry inventory is on the low side, most iron-lithium enterprise quotes have gone up, and it is expected that the high level will stabilize in the future.

It is worth mentioning that in addition to the above actions, Longbai Group also said that its subsidiary Henan China carbon New Materials plans to invest in a project with an annual output of 100000 tons of artificial graphite anode materials for lithium-ion batteries, with a total investment of 1.5 billion yuan.