Medium nuclear titanium dioxide: the products of the first phase of 100000 tons / year lithium iron phosphate project are all battery-grade lithium iron carbonate, which is scheduled to start construction in the third quarter.

According to the latest news on June 8, China Nuclear Titanium White previously said on the interactive platform that the products of the first phase of the company's 100000 tons of lithium iron phosphate project are battery-grade lithium iron carbonate, and at present, the project has entered the final stage of environmental assessment, land use rights and project design, and is scheduled to start in the third quarter of 2021.

It is reported that medium nuclear titanium dioxide has a total investment of 12.108 billion yuan for the project, mainly for the construction of lithium iron phosphate production line and supporting facilities, which will be built in three phases, with 100000 tons in the first phase, 200000 tons in the second phase, and 200000 tons in the third phase, with a total annual output of 500000 tons of lithium iron phosphate, with an estimated annual profit of 5.28 billion yuan.

At present, with the increase of power battery production and new energy vehicle production of Synchronize, the proportion of lithium iron phosphate also continues to rise. According to statistics, the total output of lithium iron phosphate in China's power battery output was 1.8 GWH in April 2020, but by April 2021, this part of production had soared to 6.19GWH, an increase of 235.42% over the same period last year, while the proportion of lithium iron phosphate in power battery production had also increased from 39.09% to 47.91%. The overall demand for upstream lithium iron phosphate materials in China has been driven by the increase in battery demand.

However, according to the current situation, SMM research shows that the growth rate of domestic market demand for lithium iron phosphate is relatively high, and the new production line is basically put into production in the second half of the year, resulting in tight supply and relatively low market inventory. Superimposed lithium iron phosphate key raw materials lithium carbonate, iron phosphate, etc., the supply is tight, SMM predicts that downstream good demand superimposed upstream material price support, lithium iron phosphate prices may remain stable at high levels in June. "View details

As of June 7, according to the spot quotation of SMM, the average price of power lithium iron phosphate was 50000 yuan / ton, up 1200 yuan / ton or 31.6% from the beginning of the year.

"Click to view the spot market of SMM metal.