As of September 2023, there are 5 running projects for vanadium electr

Published: Nov 8, 2023 13:45

Save

As of September 2023, there are 5 running projects for vanadium electrolyte, with a full production capacity of 132,200 m3/year. Hunan YinFeng New Energy Co., Ltd. and Dalian Rongke Energy Storage Group Co., Ltd. are the main electrolyte producers, with capacities of 66,000 m3/year and 60,000 m3/year respectively. There are 16 proposed projects with a total planned capacity of about 1.78 million m3/year (the planned capacity does not include the second phase and long-term planning of the project that has not yet been completed). Rongke Energy Storage has the largest planned capacity, totaling 900,000 m3/year, accounting for more than half of the total planned capacity, showing the ambition of Rongke Energy Storage as the leader of the vanadium battery industry for the future market; Enterprises such as Jianlong Group, Panzhihua Vanadium and Titanium, Zhongke Titanium White and Zhongtian Vanadium Industry, which have upstream mineral resources, also layout large-scale vanadium electrolyte capacity, relying on their own resources to penetrate downstream.

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 for 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

42 mins ago

Magnesium Prices Rise for Three Consecutive Sessions! Cost Side Remains "Burning Hot" While Demand Side Struggles to Take Over [SMM Commentary]

42 mins ago

1 hour ago

TiO2 market remains in the doldrums, supply divergence persists while prices edge upward slowly [SMM Titanium Spot Express]

[SMM Titanium Spot Express: Titanium Dioxide Market Remains in the Doldrums, Supply Divergence Persists as Prices Creep Upward Slowly] On September 2, the SMM titanium dioxide index stood at 14,080 yuan/mt, with quotes for all grades unchanged. Supply-side cargo divergence was evident in the market, with some enterprises offering discounts to move inventory. Downstream demand remained weak with no concentrated restocking yet, and the effectiveness of price adjustments still needs to be verified. In the short term, prices are expected to consolidate.

1 hour ago

Cost Support Lifts Magnesium Ingot Quotes; Weak Demand in Domestic and Overseas Markets May Lead to Consolidation [SMM Magnesium Ingot Spot Express]

[Cost Support Lifts Magnesium Ingot Quotations; Weak Demand in Domestic and Overseas Markets May Keep Prices Consolidating] Mainstream quotations for magnesium ingot in Fugu stand at 16,050-16,150 yuan/mt, with FOB prices at $2,280-2,380/mt. Domestic producers are actively holding prices firm on cost support, but downstream purchases remain cautious and high-price deals are hard to close. The overseas market is rising passively in tandem with China without any substantial improvement in ex-China demand. Magnesium prices are likely to consolidate within a range in the short term.

1 hour ago