Home / Metal News / Minor Metals / Ya Hua Group proposes to increase the annual output of 20, 000 tons of battery grade lithium hydroxide and 11000 tons of lithium chloride by no more than 1.5 billion yuan.
Ya Hua Group proposes to increase the annual output of 20, 000 tons of battery grade lithium hydroxide and 11000 tons of lithium chloride by no more than 1.5 billion yuan.
Apr 30,2020 09:49CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

SMM4, April 30: on the evening of April 29, Yahua Group disclosed a plan for the non-public offering of A shares. The number of non-public shares issued this time does not exceed 287 million shares (including the number of shares), and the issuing objects are specific investors who do not exceed 35 (including 35). The total amount of funds to be raised does not exceed 1.5 billion yuan (including capital). After deducting the issuance fee, it will be used for an additional 20, 000 tons of battery-grade lithium hydroxide, 11000 tons of lithium chloride and its products and supplementary liquidity.

Yahua Group said that lithium products are widely used, strong demand, ternary batteries used in new energy vehicles has become a trend, will drive the market demand for lithium hydroxide. The company's existing products lithium hydroxide, lithium carbonate are mainly used in the production of lithium battery cathode materials. Lithium chloride is mainly used in the production of metal lithium, can also be used in aluminum welding, special cement production additives, catalysts and so on. Lithium metal is mainly used in the production of lithium battery anode materials, can also be used in the production of lithium aluminum, lithium magnesium and other alloy materials. After the implementation of the project of "adding 20, 000 tons of battery grade lithium hydroxide, 11000 tons of lithium chloride and their products", the company can supply not only the raw materials of positive electrode materials for lithium batteries, but also the raw materials of negative electrode materials, thus enriching the variety of lithium products of the company.

In addition, with the continued growth in sales of new energy vehicles in the future, the company's main customers will also plan to increase production capacity, resulting in a significant increase in demand for battery-grade lithium hydroxide (lithium chloride, lithium metal). The company's capacity planning is mainly based on the increment of lithium salt demand brought about by the new capacity planning of existing major customers and potential customers. The implementation of 20, 000 tons of battery-grade lithium hydroxide, 11000 tons of lithium chloride and their products will be able to effectively meet customer needs, further deepen bilateral cooperation, and maintain and enhance the company's market position in the industry. According to the announcement, after the completion of the project, the average annual sales income will be 2.128 billion yuan, and the average annual net profit will be 280 million yuan.

In addition, some netizens asked on the interactive platform what is the progress of lithium mining in Sichuan, whether batch production and use of mine resources? When is it scheduled to go into production in 2020? Ya Hua Group said that it has fully resumed production, is carrying out normal construction, and is expected to be put into production in 2021.

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