How Are Market Players in Lithium Battery Industry Chain Holding up after Experiencing Sky-High Lithium Prices in 2022 and Faltering Demand at Year-End

SHANGHAI, Feb 21 (SMM) –  How are market players in the lithium battery industry chain (nickel salt, cobalt salt, lithium salt, precursor, battery material, battery, automobile) holding up after experiencing sky-high lithium prices in 2022 and faltering downstream demand at the end of last year?

Under the influence of the pandemic, removal of NEV subsidy, and new policies, SMM has brought together upstream and downstream enterprises on a trip to important players in the industry chain in order to find out the business development and operations of lithium battery raw material enterprises.

From February 13th to February 18th, the tour group led by SMM paid a visit to Ganfeng Lithium Group.

Company introduction

Ganfeng Lithium Group was established in 2000. Since its establishment more than 20 years ago, Ganfeng Lithium has been deeply involved in the lithium industry. It is the core goal of Ganfeng Lithium to promote and realize the sustainable development strategy of mankind through the application of lithium resources. It is also committed to provide high-quality battery raw materials, speed up the electrification process of automobiles, reduce exhaust emissions, apply energy storage equipment to solar energy and wind power generation, replace traditional fossil energy with clean energy, as well as recycle waste batteries to avoid pollution while achieving resource recycling.

Ganfeng Lithium Group’s business runs through the entire industrial chain of resource mining, refining and processing, and battery manufacturing and recycling. Its products are widely used in electric vehicles, energy storage, 3C products, chemicals, and pharmaceuticals.

Ganfeng Lithium has lithium resources all over the world. At the same time, it has the industrialization technologies of "lithium extraction from brine", "lithium extraction from ore" and "lithium recovery and extraction"; it has sufficient production capacity for lithium compounds and lithium metal, and has multiple production bases at home and abroad. It also has complete battery manufacturing and recycling technology, and provides sustainable value-added solutions for battery manufacturers and electric vehicle manufacturers.

Factory tour

At the upstream mine end, the company has deployed spodumene, brine, clay and other mineral sources, global high-quality lithium sources and clean extraction processes, so that every type of raw material can be used to the best of its ability, and every extraction is green and environmentally friendly; in terms of midstream compounds, Ganfeng Lithium produces battery-grade lithium hydroxide, battery-grade lithium carbonate, other lithium compounds and cesium compounds. At the same time, the company also has lithium foil, lithium alloy, lithium powder, lithium particles and ternary precursors.

In terms of downstream batteries, the company owns various types of products such as power batteries, energy storage batteries, and consumer batteries.

In terms of core technologies, Ganfeng Lithium has efficient and clean lithium extraction technology from lithium ore, technology of producing high-purity lithium salt  from brine, recycling and utilization technology of waste lithium materials, metal lithium smelting and purification technology, deep processing technology of lithium-based anode materials, solid lithium battery manufacturing technology, high electromagnetic shielding TWS battery technology, high-purity lithium oxide preparation technology, n-butyllithium synthesis technology.

The SMM New Energy Conference is coming soon! Find out major players’ views on the market outlook!

With the increasingly serious problems of global energy security, greenhouse effect, and air pollution, the transformation of the energy system has become a global consensus. The revolution of replacing traditional fossil energy with clean energy represented by wind power and photovoltaic has come. In response to China’s promotion of high-quality development of new energy in the new era and the national "dual carbon" strategy, an in order to accelerate the development of the new energy automobile industry and the power battery industry, SMM will hold the 8th China International New Energy Conference and Industry Expo in Changsha, Hunan Province on May 9-12, 2023. The theme of this conference is "Innovation Drives Development and Low Carbon Leads the Future". The conference is hosted by SMM and will be held online and offline simultaneously. SMM will invite important guests from politics, industry, academia, research, finance, media, media and other sectors to attend the conference.