China’s lithium iron phosphate output rises in Aug as demand improves

[SMM Vanadium Flash News] In April, Phase I of Jiaozuo Scandium-Vanadium New Materials Industrial Park was officially put into operation, with a total investment of 1.08 billion yuan. Relying on the by-product resources of titanium dioxide, the project has an annual production capacity of 2,500 tons of high-purity vanadium pentoxide + 20,000 cubic meters of vanadium electrolyte, directly supporting long-term energy storage orders. High-purity vanadium is entering the high-end alloy and vanadium battery markets, while the electrolyte has established the industrial chain of "titanium dioxide - vanadium electrolyte - energy storage", significantly increasing the added value of by-products..

[SMM Titanium Flash News] On April 24, Hongwang Group officially announced an investment of approximately 20.46 billion yuan in Tanzania, leasing 500 hectares of land for a 33-year term to build an overseas vanadium-titanium magnetite raw material base. The project will integrate local minerals and energy, construct a "mining and processing integrated" hub, and address the pain point of high external dependence on domestic titanium ore. Domestically, titanium material projects in Loudi, Hunan, and Yangjiang, Guangdong, will be simultaneously promoted to form a two-way layout of overseas raw materials + domestic deep processing, ensuring the security of the high-end titanium material supply chain and accelerating participation in global titanium industry competition.

[SMM Weekly Magnesium Production Flash Report] From April 24 to April 30, the weekly production of sampled magnesium plants nationwide was 23,996 tons, with a weekly operating rate of 78.7%, down 0.5% month-on-month.