SMM July 20: recently, Ganfeng Lithium Industry announced that it has agreed to a wholly-owned subsidiary Ganfeng International Co., Ltd. or its wholly-owned subsidiary to make an offer to acquire Canada's Millennial with its own funds, with a transaction value of no more than C $353 million.
Upon completion of the transaction, Ganfeng International or its wholly-owned subsidiary will own no more than 100 per cent of Millennial of Canada. It is worth mentioning that Millennial holds 100% interest in PastosGrandes Lithium Salt Lake Project and CauchariEast Lithium Salt Lake Project.
Among them, the PastosGrandes lithium salt lake project has an estimated resource capacity of 798000 tons of lithium carbonate. at present, its planned production capacity is 24000 tons of lithium carbonate per year, and the project capacity is still under construction. However, the CauchariEast lithium salt lake project is still in the early stage of exploration.
According to statistics, after the completion of this acquisition, the upstream lithium resources equity reserves controlled by Ganfeng Lithium Industry will increase steadily from 28.9064 million tons of LCE to 29.7044 million tons of LCE, resources.
In the further layout of upstream lithium resources, Ganfeng Lithium Industry Company is not biased in terms of lithium salts. On July 19th, Ganfeng Lithium Industry said on the interactive platform that the company's designed annual production capacity of lithium carbonate is 40500 tons, lithium hydroxide is 81000 tons / year, and metal lithium is 1600 tons / year.
In addition, the company's Cauchari-Olaroz Lithium Salt Lake project in Argentina plans to complete most of its construction in 2021 and trial production in the first half of 2022. It is reported that the project plans to produce 40, 000 tons of battery-grade lithium carbonate per year.
As we all know, battery-grade lithium carbonate has been in a situation of oversupply due to the expansion of production by major enterprises, and the price has dropped slightly. According to the recent SMM survey, the recent lithium carbonate prices remain stable, Qinghai and Jiangxi industrial, quasi-electric carbon quotations rose, but sporadic transactions. At present, the smelter still has a small amount of inventory, but it has been significantly improved compared with April and May. In the third quarter, the procurement volume of iron and lithium customers began to grow for the second half of the year, and the market price is expected to rise at the end of the month.
As for lithium hydroxide, it is becoming more and more difficult to purchase downstream because of the annual overhaul of the mainstream factories in July, which reduces the supply in the spot market. The output of caustic chemical plant has increased, but it has not been able to solve the urgent needs, and prices are expected to continue to rise in the future. "View details
As of July 19, according to the spot quotation of SMM, the average price of battery-grade lithium hydroxide was 97000 yuan / ton, an increase of 97.9% during the year.
"Click to view the spot market of SMM metal.
In addition to the layout of upstream lithium mines and lithium salts, Ganfeng lithium industry also began to layout waste power battery recycling business a long time ago.
On July 20, Ganfeng Lithium responded to investors' questions on the interactive platform that the company's recycling technology had been included in the second batch of industry norms and conditions for the comprehensive utilization of waste power batteries for new energy vehicles by the Ministry of Industry and Information Technology. Up to now, the decommissioned lithium battery disassembly and metal comprehensive recovery project of recycling technology has formed a recycling capacity of 34000 tons, further improving the layout of the company's industrial chain.
Nowadays, under the background that power battery recycling has risen to the national level, the number of domestic power battery related enterprises has also reached 15000, coupled with the current situation of "large amount of scrap and small amount of recycling" in the power battery market. in the future, the recycling of a large number of power batteries will become a top priority.
The International Energy Agency has predicted that the global lithium-ion battery recycling market will grow to 20 billion euros around 2030, and China may become the largest market for lithium-ion battery recycling in areas such as electric vehicles and energy storage.
The Oriental Securities Research report also said that by 2025, the domestic power battery recycling market, which includes echelon utilization and recycling, is expected to reach 37 billion US dollars.
Therefore, the Ganfeng lithium industry, which takes the lead in the layout of power battery recycling, will be unlimited in the future.
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