Zhenhua new material: the existing production capacity of lithium battery cathode material is 50,000 tons. This year, the production capacity will be further increased.

SMM March 2: recently, relying on high-nickel ternary cathode materials, Zhenhua Xincai, which successfully turned its performance into profits in 2021, has accepted a multi-agency survey. In its public investor relations record table, it is mentioned that the company's existing production capacity is limited. At present, Yilong has achieved a production capacity of 40,000 tons, while Guiyang has a production capacity of 10,000 tons. In 2022, the company plans to carry out technical transformation of the existing Shawen I project in Guiyang, and the production capacity after the technical transformation will reach 16000 tons; at the same time, the company will also speed up the construction and expansion of the second phase of the investment project with an annual output of 12000 tons. It is expected that the company's production capacity in 2022 will be significantly higher than that in 2021.

Referring to the company's lithium salt procurement situation, Zhenhua Xinliao said that the company's lithium salt suppliers mainly include Yahua Group, Ganfeng Lithium Industry and Salt Lake suppliers. In the current situation of tight supply of lithium salt, the company also cooperates with other suppliers in the market.

It is worth mentioning that under the background of strong demand in the downstream market, Zhenhua new materials have sufficient orders on hand and are also in normal production during the Spring Festival. However, the sharp rise in the price of upstream raw materials has increased the difficulty and risk of procurement to a certain extent, but with the good foundation of cooperation formed over the years between the company and major suppliers, the current inventory can basically match the production plan. In terms of precursor inventory, the company formulates the precursor procurement plan and inventory arrangement according to the production plan, and the current inventory can meet the production plan.

In order to reduce the cost of raw materials, Zhenhua New Materials has also laid out the waste battery recycling business. Hongxing Electronics, in which it is a shareholder, focuses on the recycling business and adopts the recovery process of removing impurities by direct chemical method, which is currently under normal progress.

Under the current situation of strong demand in the downstream of the cathode material industry, Zhenhua New Materials is also making a production plan according to the production capacity matching downstream order demand, and it is expected that shipments of cathode materials will maintain growth throughout the year.

As for the price of ternary cathode materials, take ternary materials (622 / power) as an example, as of March 1, the average spot price has risen to about 364250 yuan / ton, up 100250 yuan / ton from the beginning of the year, an increase of 37.97%.

"Click to order to view the spot historical price of SMM new energy products.

SMM recent research shows that the yuan material prices rose sharply last Wednesday, the cost-side lithium salt price growth slowed slightly, the precursor price increased slightly, and the cost rose. This month, both supply and demand are reduced due to the number of production days and the purchase of lithium salt. In terms of price transmission, power transmission is relatively smooth, digital and small power is more difficult, material quotations closely follow rising costs, and procurement and production tend to be cautious. It is expected to enter the centralized trading time this week, the price of ternary materials will continue to follow the cost upward. "View details