SMM April 6: Ganfeng Lithium Industry announced that the company and partner MineralResourcesLimited agreed to upgrade the ore processing capacity of the joint venture company RIM's MtMarion spodumene project.
According to the estimated results, it is estimated that the lithium concentrate production capacity of MtMarion spodumene project will increase from 450000 tons / year to 600000 tons / year before April 2022. At the same time, RIM is planning the second phase of capacity expansion, which plans to expand the existing lithium refined mineral capacity to 900000 tons per year, which is expected to be completed by the end of 2022.
In the recently released research table on investor activities, Ganfeng Lithium mentioned that the company achieved revenue of 11.162 billion yuan in 2021, an increase of 102% over the same period last year, and the net profit belonging to shareholders of listed companies reached 5.228 billion yuan, an increase of 410% over the same period last year. For the reasons for the company's performance growth, Ganfeng Lithium Industry said that the company's lithium product sales prices rose during the reporting period, with lithium product output of 89742 tons of LCE in 2021, an increase of 65.23% over the same period last year.
In addition, in 2021, the company continued to improve the integrated layout of the industrial chain, and the delivery of shares and mining rights of spodumene ore in Mali was successfully completed, with a capacity of 500000 tons of lithium concentrate in the first phase and 800000 tons in the second phase.
It is worth mentioning that Ganfeng Lithium Industry had made a forecast for the company's operation from January to February in 2022. It said that from January to February 2022, the company's operation was stable, product prices rose further, and sales increased year-on-year. After preliminary calculation, the company is expected to achieve a total revenue of 3.6 billion yuan in the first two months of 2022, an increase of about 260% over the same period last year; the net profit belonging to shareholders of listed companies is about 1.4 billion yuan, an increase of about 300% over the same period last year.
Not only that, Ganfeng Lithium Industry also raised its capacity planning for 2025 from 200000 tons of LCE to 300000 tons, specifically, the company's four production lines in Xinyu region totaled 100000 tons; Fengcheng project is expected to start in 2022, with a capacity of 25000 tons by the end of 2023; Ningdu 20, 000 tons; the company's lithium mica project 50, 000 tons; Argentina Cauchari-Olaroz project 40, 000 tons; Argentina Mariana project 20, 000 tons; Mexico Sonora project 50, 000 tons.
Among them, the Argentine Cauchari-Olaroz project is scheduled to be put into trial operation in the second half of this year due to the impact of the epidemic. The second phase of the Cauchari-Olaroz project strives to achieve a scale of not less than 40, 000 tons. As for the specific lithium extraction methods adopted, the company will make an objective analysis according to the specific conditions after the first phase of the project is put into production, and finally choose the most appropriate lithium extraction method.
Ganfeng Lithium Industry also predicted China's local lithium resources in 2025. They believe that by 2025, the total production capacity of all kinds of lithium resources in China is expected to be about 500000 tons, and the global supply of lithium resources is about 1.5 million tons. In terms of extracting lithium from ores, China will produce more than 200000 tons of lithium salt from overseas ores and about 200000 tons from local mines.
However, compared with the previous rising trend of lithium salt prices, recently, a group of lithium salt prices, led by battery-grade lithium carbonate, have obviously maintained stability. The average spot price of lithium carbonate fell slightly last week. SMM research shows that last week, the upstream and downstream game sentiment is strong, some traders continue to reduce prices to sell goods, stack some material factories to sell inventory phenomenon, resulting in low market quotations down, the range widened.
"Click to order to view the spot historical price of SMM new energy products.
For the future situation of battery-grade lithium carbonate, taking into account the continued increase in the supply side, the easing of spot tension and the weak performance on the demand side, the price of lithium carbonate is expected to continue to maintain stability. With regard to lithium hydroxide, although the maintenance of manufacturers at the supply side has not been fully restored, resulting in tight supply in the spot market, some traders have also shipped goods, and the tense situation has eased slightly, while in the context of the current slight decline on the demand side, the price of lithium hydroxide is expected to stabilize. "Click to view details
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