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

The COVID pandemic worsened in Zhejiang, Anhui, and Shanxi. Some areas of Zhejiang in early December. Zhejiang authorities across various tiers gradually strengthened prevention and control measures, thus affecting the production of lithium battery plants. A ternary precursor producers and two cobalt salt plants suspended the production on December 10.

Cobalt-free is the future trend of the lithium battery industry. Fortunately, with the rapid rise of China's lithium battery sector in the past two years, significant progress has been made in the R&D of core technologies. SVOLT Energy Technology (SVOLT), a rising star in the industry, has made a surprising breakthrough: it has not only taken the lead in overcoming the technical difficulty of cobalt-free batteries, but has also realized the practical application of cobalt-free batteries in vehicles.

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.

Guangdong Dynavolt Power Technology Co. will collect funds to build a lithium-ion battery project, based on its announcement on July 21.

China’s Qinghai Province aims to build a lithium industry chain during the 13th Five-Year Plan period from 2016-2020, Vice Governor of the province said.

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.