Ganfeng Lithium Industry: set up a joint venture company in Fengcheng and put into construction 50, 000 tons of lithium power new energy materials for the first phase of 25000 tons / year lithium hydroxide project

According to the news on the evening of June 8, Ganfeng Lithium Industry said that the company and the Fengcheng municipal government signed the "Investment contract" and the "Investment Supplementary contract" on the same day, agreeing that Ganfeng Lithium Industry would set up a joint venture company within the jurisdiction of Fengcheng Municipal Government. and plans to invest in the construction of a new material project with an annual production capacity of 50,000 tons of lithium electricity.

It is reported that after the agreement is reached, Ganfeng Lithium Industry will build a spodumene lithium production base in Fengcheng to form a new lithium energy material production capacity with an annual output of 50,000 tons of lithium carbonate equivalent. The project is divided into two phases. In the first phase, the annual output of lithium hydroxide project is 25000 tons, and the proposed land is about 250mu. This decision will continue to expand the production scale and market share of Ganfeng Lithium products, which is in line with the company's future development strategy.

According to public data, Ganfeng Lithium Industry was founded in 2000, and its main business is non-ferrous metal smelting and lithium product R & D and production. After more than 20 years of development, Ganfeng lithium industry has long been among the leading enterprises in the domestic lithium power field. In the past quarter alone, Ganfeng Lithium made a net profit of 476 million yuan, up 6046.30% from the same period last year. Among them, the rise in the prosperity of the industry brought about by the warming of prices of main products such as lithium carbonate is one of the main reasons for the company's performance growth.

In the lithium industry driven by new energy vehicles, the development situation is very good, including Ganfeng lithium industry, including a kind of enterprises have joined the "lithium" war, Ganfeng lithium industry in the past May also acted frequently. Not only did it announce in early May that Shanghai Ganfeng, a wholly owned subsidiary, would offer to acquire a stake in Bacanora in order to achieve complete control of the Sonora lithium clay lithium extraction project with a total lithium resource of about 8.82 million tons of lithium carbonate equivalent, but also announced at the end of May that its grandson company MineraExar had decided to start the second phase of the Cauchari-Olaroz lithium salt lake project to expand production capacity of no less than 20, 000 tons of lithium carbonate equivalent.

In the active layout of lithium carbonate at the same time, Ganfeng lithium industry has not ignored lithium hydroxide. The first phase of the 50,000 tons of lithium power new energy materials project planned to be put into production is to be converted to lithium hydroxide. From the current performance of lithium hydroxide on the market, according to previous research by SMM, unlike lithium carbonate, which has initially shown that supply exceeds demand, leading to price stability in the near future, lithium hydroxide in June will continue to have some smelters for annual maintenance, production will decline slightly, under the background of steadily rising demand, some manufacturers will quote spot orders for lithium hydroxide in June or will rise to 100000 yuan / ton.

However, in view of the recent shortage of upstream inventory, there are few transactions, so the price upward speed is relatively slow. As of June 8, according to the spot quotation of SMM metal, the average price of battery-grade lithium hydroxide was 91500 yuan / ton, up 84.8% from the beginning of the year.

"Click to view the spot market of SMM metal.