Newssummary: Shanshan to Build China’s Biggest Lithium Battery Material Production Base

From September 12 to 17, SMM New Energy Division Director Wang Tian and marketing consultant Yu Lei are leading the SMM staff and members of the delegation to visit raw material enterprises of lithium battery industry in Ningxia and Inner Mongolia, with the purpose of facilitating closer and in-depth cooperation as well as more effective and sustainable communications.

BTR New Energy Material intends to establish a joint venture Sichuan Ruifu New Material Technology with Fuan to build a production line with annual output of 100,000 mt of lithium battery anode precursor and finished products.

China produced 471,000 sets of new energy vehicles in Q1 2017, down 2.5% from 483,000 sets seen at the same period of 2016, and down 80% compared to Q4 2016’s level.

China’s Li-ion battery production was 757 million in March 2017, up 45.3% YoY, and totaled 1.92 billion in the first three months of 2017, up 35.2% YoY.

Shenzhen Center Power Tech announced on July 5 to put online its motive lithium-ion battery project in 2018.

China’s West Mining released its asset purchase scheme on June 30.

Reed Industrial Minerals (RIM), the jointly owned subsidiary of Jiangxi Ganfeng Lithium, will put online its lithium spodumene concentrate project in July-August.

The prices of lithium carbonate in China, raw materials for lithium batteries, have accumulatively surged over 300% from 40,000 yuan per tonne early 2015 to 120,000 yuan per tonne in January 2016.

California is said to have ordered its electricity firms to offer 1.3 gigawatts of non-hydroelectric storage capacity within five years.

Demand for motive batteries grows with the rising number of new energy automobile. Motive lithium batteries gradually hurt demand for mainstream motive lead-acid batteries.