Titanium dioxide enterprises have entered the lithium iron phosphate market one after another. After China Nuclear Titanium dioxide (002145.SZ) plans to invest 12.108 billion yuan in the construction of lithium iron phosphate project, titanium dioxide leader Python Bai Li (002601.SZ) plans to invest 300 million yuan to set up a battery business subsidiary. Longpang Bai Li related official said that the newly established company will do lithium iron phosphate type battery business, the company produces titanium dioxide by-product ferrous sulfate can be used as lithium iron phosphate.
In December last year, long Python set up a wholly-owned subsidiary Henan Baili New Energy Materials Co., Ltd. (hereinafter referred to as Bailey New Energy), with a registered capital of 100 million yuan, including R & D, production and sales of electronic materials, battery manufacturing and sales, etc. The name of the newly established company is tentatively designated as Henan Longbai New material Technology Co., Ltd. (hereinafter referred to as Longbai New material), which is the main body of Longpang Baili iron phosphate lithium battery business. Bailey New Energy contributed 300 million yuan to register in Qinbei Industrial Zone, Qinyang City, Henan Province, the scope of business includes battery manufacturing and sales, electronic special materials research and development and manufacturing sales, new energy vehicle waste power battery recycling and so on.
"the new company has entered a new field, and it is also a part of the company's circular economy," said the person in charge of Longbai Bailey. Long Baixin material does battery business, and the battery type is lithium iron phosphate. It will set up a factory in Qinyang. At present, land expropriation is almost completed. Although there is ferrous sulfate in the future production, it is necessary to purchase phosphoric acid to make iron phosphate, and then buy lithium carbonate to make lithium iron phosphate, step by step. There is nothing wrong with the technology now, so we have to make the product first. Financial Associated Press reporter query map software found that, such as driving, long Baixin material registration Qinbei Industrial Zone and long Python Baili route distance of less than 30 kilometers.
Compared with medium nuclear titanium dioxide and Longbai directly entering the lithium iron phosphate market, 002136.SZ began to dabble in iron phosphate as early as 2015, which is mainly used in lithium iron phosphate battery materials, catalysts and ceramics. In the A-share market, German Nano (300769.SZ), Xiangtan Electric Chemical (002125.SZ) shares Hunan Yuneng, Guoxuan Hi-Tech (002074.SZ) and other companies operating lithium iron phosphate materials.
Benefiting from the hot market of new energy vehicles, lithium iron phosphate and ternary lithium have attracted much attention. Chen Xiaozeng, an analyst at Huaan Securities, said in a research report released at the beginning of this year that the demand for lithium iron phosphate will grow in 2021, which is expected to increase by 80% compared with the same period last year. Combined with the corresponding demand and non-power demand of new energy vehicles, it is estimated that the total demand for lithium iron phosphate battery in 2022 is 52x93GW, and the corresponding material demand is 12x22 / 350000 tons, an increase of 40%, 79%, 62% over the same period last year. The production capacity by the end of 2020 is about 279000 tons, which is expected to be tight in 2021 compared with the demand forecast of 220000 tons in 2021 and the likely higher actual demand brought about by inventory replenishment.
