Invest 2.2 billion yuan! Ganfeng Lithium Industry increases annual output of 7000 tons of lithium metal project settled in Yichun

Published: Apr 9, 2021 10:32
Invest 2.2 billion yuan! Ganfeng Lithium Industry increased annual output of 7000 tons of metal lithium project settled in Yichun] on April 8, Ganfeng lithium industry increased annual output of 7000 tons of metal lithium project officially signed a contract to settle in Yichun Economic Development Zone. It is reported that from the docking negotiations between the two sides in January this year to the signing of the project today, it takes only a little more than two months.

On April 8th, Ganfeng Lithium Industry increased its annual output of 7000 tons of lithium metal and officially signed a contract to settle in Yichun Economic Development Zone. It is reported that from the docking negotiations between the two sides in January this year to the signing of the project today, it takes only a little more than two months.

On the morning of that day, Yu Xiuming, secretary of the municipal party committee, and Yan Yun, deputy secretary of the municipal party committee and mayor, met with Li Liangbin, chairman and president of Jiangxi Ganfeng Lithium Industry Co., Ltd., and witnessed the signing of the contract. Nie Zhisheng, member of the standing Committee of the Municipal CPC Committee, presided over the signing ceremony. Hu Jiangping, vice mayor, and Zhang Junyi, secretary of the Party work Committee of Yichun Economic Development District and Yiyang New District, witnessed the signing of the contract.

Jiangxi Ganfeng Lithium Industry Co., Ltd. is a leading enterprise and listed company in the lithium industry chain, with a perfect lithium series industrial chain and the first lithium supply in the world. Yichun has always been the metal lithium production base of the company. after years of development, it has formed a perfect lithium industry chain of metal lithium smelting, deep processing of lithium products, lithium series alloy production and lithium derivative industry processing. Metal lithium accounts for 47% of the global market and is the largest metal lithium production base in the world. The newly signed project with an annual production capacity of 7000 tons of lithium metal will help enterprises expand their production capacity, increase their advantages, and consolidate their leading position in the world. The project plans to invest 2.2 billion yuan to build ultra-thin lithium anode materials for high specific energy solid-state batteries in Yichun Economic Development Zone, and to build new production lines for lithium molten salt electrolysis, low-temperature vacuum distillation purification of metal lithium, ultra-thin lithium strip, aluminum-lithium alloy, lithium-boron alloy and so on.

Nie Zhisheng pointed out that the formal signing of the Ganfeng Lithium Project with an annual output of 7000 tons is an important milestone in the development of Ganfeng Lithium Industry Co., Ltd. in Yichun and a new beginning of mutual trust and cooperation between the two sides to forge ahead with the 14th five-year Plan. Yichun new energy (lithium) industry agglomeration and development, strong chain complement chain strong chain solid chain will be injected into a stronger driving force. The relevant departments of the Yichun Economic Development Zone and the municipal government should strengthen their responsibilities, closely follow up the various links such as the landing and start of the project, construction and production, and production operation, integrate policies, optimize services, and take the initiative to solve problems, so as to effectively open up the high-speed channel for the construction of the project. go all out to promote the project to start early, put into production early, and achieve early results.

News link

Lithium metal is a national strategic metal, widely used in new energy, new materials, new medicine and other fields, known as "industrial monosodium glutamate" and "new energy metal". Metal lithium and lithium products are the key anode materials of solid-state lithium batteries. With the continuous application of solid-state lithium batteries in the field of new energy vehicles, metal lithium will usher in a larger market.

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
23 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
23 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
23 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
23 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
23 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
23 hours ago