World’s Largest Battery Material Plant to be Built in Guizhou

According to relevant reports, on March 26, the construction of phase II of Millison Modern Industrial Park, which mainly undertakes the production of super-large structural parts such as 5G communication body, new energy vehicle motor, power battery, electronic control system and body, was held in Dajiang Scientific Innovation City in Tianming District, Chongqing.

In the past 2021, China's new energy industry developed rapidly, and the demand for the new energy vehicle market was greatly increased. According to the record of 2021, the global cumulative sales of new energy passenger cars exceeded 6.31 million, more than 2.2 times that of 2020. China has accounted for 52% of the global shares of new energy vehicles, with 3.312 million vehicles sold, up 275% year-on-year. Meanwhile, the installed capacity of motive power lithium batteries reached 154.5GWh, up 143% year-on-year, in 2021.

The new production capacity of lithium resources will be put into operation intensively after 2022-2023, and the production may be lower than expected. It is expected that there will still be a supply shortage of 24,000 mt LCE in 2022.

US electric car maker Fisker said on November 2 that it had entered into a partnership with Chinese battery maker CATL, who will supply two different battery packs for its flagship Ocean SUV.

French New Caledonian mining company Prony Resources announced that it has reached a multi-year nickel supply agreement with Tesla on September 13, which will purchase more than 42,000 mt of nickel.

This is a roundup of China's metals output in August 2021, from an exclusive survey of key producers by SMM analysts.

A weekly update on the trending stories from the New Energy sector. 

A weekly update on the trending stories from the New Energy sector.

Demand for copper has surged significantly in the past 20 years and is expected to rise further due to the surge in demand for electric vehicles, while global copper supply is likely to continue to shrink in the future, according to Paul Ward at Anglo American.

Global demand for cobalt in 2019 is expected to increase 4%, at 137,200 mt, while supply will remain flat at 163,500 mt