On July 20, according to SMM quotations, the prices of lithium carbonate and lithium hydroxide continued to rise sharply, of which lithium phosphate (99.2% battery grade / domestic) rose 500 yuan / ton, quoted in the range of 87000 yuan to 89000 yuan; lithium hydroxide (56.5% battery grade coarse particles / domestic) rose 500 yuan / ton, quoted in the range of 91000 yuan to 93000 yuan; Lithium hydroxide (56.5% battery-grade powder / domestic) rose 1000 yuan / ton, quoted in the range of 102000 yuan-106000 yuan!
"Click to view the spot market of SMM metal.
From this we can see that even the lowest price of battery-grade micro-powder lithium hydroxide has already exceeded 100000 yuan / ton!
In this context, another A-share listed company invested 1 billion yuan to enter the lithium salt project!
Details of Lithium Salt Project
On the evening of July 20, Tiantie (300587.SZ) announced that Changjili New Energy, a wholly owned subsidiary of the company, intends to sign an "Investment Agreement" with the construction and management office of Longqiao Chemical Industry Park in Lujiang High-tech Zone, Hefei, with a total investment of about 1 billion yuan.
According to the agreement, Changjili New Energy plans to invest in the construction of a series of lithium salts with an annual output of 50000 tons and its supporting products in Longqiao Chemical Park of Lujiang High-tech Zone.
After the completion of the project, it will form an annual production capacity of 30000 tons of anhydrous lithium chloride, 10000 tons of battery-grade lithium carbonate and 10000 tons of battery-grade lithium hydroxide.
In terms of construction plan, the project is scheduled to start construction before November 30, 2021 and be completed and put into production on May 31, 2023. After all the projects are completed and reach production, the annual output value will be about 5 billion yuan, and the annual tax revenue will be about 400 million yuan.
In terms of project implementation, Changjili New Energy will set up a new company with independent accounting as the main body of the project.
About Tiantie Co., Ltd.
According to public data, Tiantie Co., Ltd. is a high-tech enterprise specializing in the R & D, production and sales of track engineering rubber products.
The products of Tiantie Co., Ltd. mainly include rail structure damping products, wire-embedded rubber crossing plates, etc., which are used in the field of rail transit, including urban rail transit, high-speed railway, heavy-haul railway and ordinary railway.
At the same time, Tiantie Co., Ltd. is also engaged in the R & D, production and sales of conveyor belts, sealing products and other rubber products.
On July 19th, Tiantie Co., Ltd. also issued another announcement, saying that the company won the bid for the supply of rubber damping pads and related services for the first phase of Wenzhou municipal railway line S2, with a winning bid amount of 144.126 million yuan. In addition, recently, Tiantie shares also signed a 25.7705 million yuan trading contract with the Xinyun Project of China Railway first Bureau Group.
Perhaps it is the superposition of multiple positives. On July 21, Tianshu shares reaped a 20% increase in the limit. By the close, Tiantie shares rose 2.81 yuan per share to close at 16.86 yuan per share, with a current total market capitalization of 9.765 billion yuan.
If you lengthen the timeline, Tiantie shares closed at 7.28 yuan per share last year, while the current price is 16.86 yuan per share. Tiantie shares have risen as much as 131.59% since 2021!
About Changjili New Energy
According to the enterprise investigation data, Changjili New Energy was established in June 1998. its legal representative is Jiang Guoqun, with a registered capital of 30 million yuan, and its business scope includes the research and development of new energy technologies; the manufacture and sale of lithium chloride; self-management and agency for the import and export of all kinds of commodities and technologies.
In September 2018, Tiantie signed an "equity transfer agreement" with Mr. Jiang Guoqun and Ms. Jiang Jie to acquire a total of 60.00% of Changjili New Energy for 282 million yuan.
In April 2021, Tiantie acquired a 40.00% stake in Changjili New Energy for 232 million yuan. In more than two years, Changjili's valuation of new energy has risen from 470 million yuan to 580 million yuan.
At this point, Changjili New Energy has become a wholly owned subsidiary of Tiantie Co., Ltd.
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