Home / Metal News / Construction of 50,000 mt NCA cathode material project began in Qinghai

Construction of 50,000 mt NCA cathode material project began in Qinghai

iconNov 13, 2019 10:57
Source:SMM
The project aimed at providing raw materials for lithium-ion power batteries

SHANGHAI, Nov 13 (SMM) – A lithium nickel cobalt aluminium oxide (NCA) cathode material project, with an annualised capacity of 50,000 mt, commenced construction in Tongren County of Qinghai province on October 29, according to a news release on the local government website. 

The project aimed at providing raw materials for lithium-ion power batteries. With a total investment of 3 billion yuan, it is expected to generate an annual output value of 10 billion yuan upon full commissioning. 

Phase-one project features 15 production lines, with a combined capacity of 18,000 mt/year. 

Market commentary
Cathode materials
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news