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SMM visits Hunan Meite New material Technology Co., Ltd. to promote the rapid development of cobalt and lithium industry!
Sep 8,2020 10:20CST
The content below was translated by Tencent automatically for reference.

SMM9: in order to deepen the business cooperation with famous enterprises in the metal industry and provide more comprehensive data support, on September 1st, SMM cobalt industry analyst Huo Yuan, new energy industry analyst Mei Wang Qin, and battery material researcher Zhu Jianshi visited Hunan Mei Te Xin Materials Technology Co., Ltd., a wholly-owned subsidiary of Hunan Nonferrous Metals Research Institute.

Zou Min, deputy general manager of Hunan Meite New material Technology Co., Ltd., and Chen Yang, director and engineer of the comprehensive department, received and extended a warm welcome.

First of all, SMM and his party visited the factory of Meter New Materials and had a deep understanding of the technical strength, production equipment and other aspects of new materials such as lithium cobalt oxide, and discussed with relevant responsible persons the preparation process and cost of cobalt tetroxide, industry and company trends.

Industry and company trends: Mei Texin material said that at present, there are few enterprises mainly engaged in cobalt tetroxide, and the market concentration is relatively high. It is estimated that the output of cobalt tetroxide this year is 62000-63000 tons.

Finally, the two sides discussed the development status and future trends of cobalt, cathode materials, batteries and new energy industries, and conducted in-depth exchanges on the strategic cooperation between the two sides.

On the whole, the epidemic will affect the price trend of cobalt and lithium to a certain extent, so what is the price of cobalt and lithium in the future? SMM believes that in terms of cobalt, the price gap at home and abroad has narrowed recently, although the overall demand for battery materials downstream has increased, it is expected that the fourth quarter will enter the off-season of digital 3C procurement, battery and terminal industry inventory is the highest, cobalt prices will continue to be under pressure or will slowly decline, but the downward space is limited.

In terms of lithium, the compound growth rate of China's new energy vehicle production will be 30% in the next 10 years, and the proportion of new energy passenger vehicles will reach 94% in 2030. Ternary battery is the main type of battery in new energy passenger vehicles, and the process of high nickelization in China will be accelerated in the next 10 years. SMM believes that the removal effect of lithium ore is remarkable, smelting products and domestic ore stocks still need time to digest, and the global lithium raw materials may achieve a balance between supply and demand in 2022.

After this visit and research, SMM has a deeper understanding of the current situation of the entire cobalt-lithium industry chain, and at the same time has a deeper understanding of the market situation, development trend and existing problems of the cobalt-lithium industry, and will continue to deepen cooperation with major enterprises to achieve complementary advantages and jointly promote the development of the industry.

Hunan Meite New material Technology Co., Ltd. was founded in 2003, is a scientific research, production and sales and technical services in one of the high-tech industrial company, is a wholly-owned subsidiary of Hunan Nonferrous Metals Research Institute, the main lithium-ion battery cathode materials such as lithium cobalt. Meter has a number of technical reserves for the development of new materials and fully independent intellectual property rights, which can meet the needs of market competition, technology licensing, standard setting and so on.

The company has built a new production base in Changsha Wangcheng Economic Development Zone and has formed a production scale with an annual output of 1500 tons of lithium cobalt. The company and its research team have been engaged in the R & D and production of new materials for a long time, and have a number of top talents in the field of battery materials, including 5 professors, 12 senior engineers and 26 engineers. At the same time, the company has established long-term friendly, open and win-win technical cooperation with Central South University, Hunan University and other well-known universities in China, and has always been at the forefront of the research and development of new energy materials.

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Meter new materials
cobalt lithium
cobalt tetroxide
cobalt chloride

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