Since the beginning of this year, the development of the new energy lithium power industry is in full swing, the pace of investment and production expansion of relevant enterprises has continued to accelerate, and the market demand in the upstream material field has expanded rapidly. in order to seize development opportunities, many enterprises have cut in decisively and invested heavily.
On the evening of December 7th, Baiyin Nonferrous (601212) issued an announcement, and the 34th meeting of the fourth session of the Board of Directors was held on the same day, which examined and approved the proposal on the cooperative construction of 200000 tons of high-grade lithium copper foil project. Baiyin Nonferrous agreed to start cooperation in the construction of 200000 tons of high-grade lithium copper foil project and carry out preliminary work.
According to the announcement, the main body of the project with an annual output of 200000 tons of high-grade lithium electricity copper foil is Baiyin Defu New Materials Co., Ltd. (referred to as "Gansu Defu"), which was established in Lanzhou New area in June 2018. at present, the registered capital is 500 million yuan, and Silver Nonferrous holds 37%. From January to September in 2021, Gansu Defu has produced 9527 tons of all kinds of copper foil, realizing sales income of 907 million yuan and profit of 159 million yuan.
According to reports, the total planned investment of the 200000 tons of high-grade electrolytic copper foil project is about 12.15 billion yuan. According to the preliminary calculation that the project capital accounts for 35 percent of the total investment, Baiyin Nonferrous will contribute about 1.57 billion yuan according to the shareholding ratio, and finally the actual investment will prevail. In addition, the main products of the project are preliminarily identified as 4.5 μ m and 6 μ m electrolytic copper foil for lithium batteries. According to the project construction plan, 12000 tons have been completed and put into production in October 2019, 30,000 tons of production capacity will be formed by the end of 2021, and the construction of 40,000 tons of the project has been started in October 2021. It is planned to be completed and put into production by the end of 2022. The follow-up construction of 130000 tons of production line is planned to complete the overall construction of 200000 tons of high-grade electrolytic copper foil project in 2025.
The Battery Network noted that Baiyin Nonferrous is an important domestic manufacturer of copper products, with an annual production capacity of 200000 tons of cathode copper. The main raw material for the high-grade electrolytic copper foil project is copper, the company can give full play to its own copper raw material advantages, ensure the stability of the project supply chain, and lay a solid foundation for the project construction.
Baiyin Nonferrous said that the company cooperated to build a 200000-ton high-grade electrolytic copper foil project to create the world's largest high-grade battery-level electrolytic copper foil production base, which is conducive to the transformation and upgrading of the company. The implementation of the project will make the scale of the company's lithium copper foil products step into a new level, the cost will be significantly optimized, the technological development capacity will be greatly enhanced, a reasonable industrial platform will be formed, and the competitiveness of the industrial chain will be further enhanced.
It is worth noting that before Baiyin Nonferrous announced that it would increase the production capacity of copper foil, Hailiang shares, which had also been ploughing the copper processing industry for more than 30 years, had already issued an announcement on November 7. the company plans to set up a holding subsidiary, Gansu Hailiang New Energy Materials Co., Ltd., in Lanzhou New area of Gansu Province, with an investment of 8.9 billion yuan (including 2 billion yuan in working capital) to build an annual high-performance copper foil material project with an annual production capacity of 150000 tons (tentative name). After it is put into production, The company will form a high-performance copper foil production capacity of 150000 tons / year, including lithium copper foil 120000 tons / year, standard copper foil 30, 000 tons / year.
In addition to making use of its own industrial advantages to transform the layout of copper processing enterprises, copper foil production leader Jiayuan technology also continues to increase. After the disclosure of the scheduled increase plan in early November to raise no more than 4.9 billion to expand the production of several lithium copper foil projects, Jiayuan Science and Technology issued another announcement that the company plans to set up a joint venture with Ningde Times to plan and build a high-performance copper foil project with an annual output of 100000 tons. In addition, the two sides agreed to plan a new high-performance copper foil project with an annual production capacity of 100000 tons according to the construction and commissioning of the joint venture project.
Open source securities recently reported that thanks to the release of new energy vehicles and energy storage, the demand for lithium copper foil has increased significantly, and the global demand for lithium copper foil / very thin copper foil is expected to grow by 35.43% and 79.03% from 2021 to 2023. On the supply side, although the industry plans to expand capacity on a large scale, it still faces constraints such as equipment, capital, and technology. It is estimated that the compound growth rate of global lithium copper foil / very thin copper foil supply from 2021 to 2023 is 22.97% and 57.19%, which is lower than the demand growth rate. Supply and demand continue to improve, extremely thin copper foil may have a supply and demand gap, the prosperity of the industry will accelerate, and promote further rise in processing fees. Directly benefit the lithium copper foil manufacturers.
