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Under the background of the continuous breakthrough in the battery life technology of lithium iron phosphate, the decline of subsidies for new energy vehicles, and the fact that the ternary battery may face a raw material "jam", the loading capacity of lithium iron phosphate battery is catching up with that of the ternary battery, driving the lithium iron phosphate cathode material race track to be very popular, and listed companies have stepped up their layout efforts. Now the 002497.SZ Group has also entered the track, the Financial Associated Press reporter learned from the industry insiders, Ya Hua is the first layout of lithium iron phosphate cathode materials.
On the evening of December 14th, Yahua Group announced that the company's wholly-owned subsidiary, Yahua Lithium Industry, intends to establish a joint venture with Xiamen Tungsten Xineng (688778.SH) and Xiamen Cangya in Ya'an, Sichuan Province, to build an annual production line with an annual output of 100000 tons of lithium cathode materials, engaged in product research and development, preparation and sales of lithium iron phosphate, with a total investment of 927 million yuan. It is reported that the registered capital of the joint venture is 500 million yuan, of which Xiamen Tungsten Xinneng contributes 415 million yuan, accounting for 83 percent, and Ya'an lithium industry contributes 50 million yuan, accounting for 10 percent.
The layout of Yahua Group is related to the high scene demeanor of lithium iron phosphate cathode material. The Financial Associated Press reporter noticed that recently, including Tianyuan shares (002386.SZ), Zhongwei shares (300919.SZ), Taihe Technology (300801.SZ), Fulin Seiko (300432.SZ), Chuanjinnuo (300505.SZ) and other listed companies have joined the bureau or increased the layout of lithium iron phosphate cathode materials. According to the November power battery data of the China Association of Automobile Manufacturers, from January to November, the output of lithium iron phosphate batteries in China totaled 105.3 GWH, accounting for 56.0 percent of the total output, an increase of 275.7 percent over the same period last year. In terms of loading capacity, in November, our lithium iron phosphate batteries loaded a total of 11.6 GWH, an increase of 145.3% over the same period last year, and an increase of 37.2% over the previous month.
A reporter from the Financial Associated Press learned from industry insiders that the reason for the landing of the above project in Ya'an, there are also considerations for the company to increase the layout of lithium carbonate products. The person said: "the production line of Ya'an Xiamen Tungsten New Energy Materials will be very close to the production line of Ya'an Xiamen Tungsten New Energy Materials. The by-product of Ya'an Xiamen Tungsten New Energy material production line can be used to produce lithium carbonate. For Ya'an, the joint venture will generate revenue on the one hand and increase the production capacity of lithium carbonate on the other."
The above-mentioned people said that Ya Hua Group currently has a total of about 43000 tons of lithium salt products (including lithium hydroxide, lithium carbonate products, etc.), and is expected to put into production next year, and the year after that, with a total planned production capacity of about 100000 tons. At present, the company's lithium carbonate product production capacity is relatively small, related products continue to be high in demeanor, and the current price of lithium hydroxide products is as high as 20, 000 yuan / ton.
The magnificent demeanor of the company's products urges the company to continue to strengthen the layout of upstream lithium ore resources to ensure the supply of raw materials. Also on the evening of the 14th, the company also said that it planned to subscribe for 80 million shares of Australia's EV Resources Company (referred to as EV) by A $0.045 per share, corresponding to 9.5%, with a total subscription amount of A $3.6 million (equivalent to about 16.2788 million yuan). At present, the two sides have signed an "equity subscription agreement."
According to the data, EV is an Australian resources listed company with lithium resources projects such as Xiaohe Lithium, Tin and Tantalum, Australia (80% interest, 22 exploration licenses), Serbian clay Lithium Boron (22% interest), Austria Weinbany (80% interest, 1 exploration right) and East Alps Lithium Mine (80% interest, 7 exploration rights). And non-lithium resource projects such as the Silver Wu in Khartoum, Australia, the New Standard Copper Mine in Arizona, USA, and the Mina Gold Mine in Peru.
At present, Ya Hua Group has signed lithium concentrate off-take agreements with Yinhe Lithium Industry, Lijiagou Lithium pyroxene Mine, Australia Core Company, etc., to protect its own priority supply rights. Among them, the implementation period of the agreement with Galaxy Lithium Industry is until 2025, and it is agreed that Galaxy Lithium Industry will provide no less than 120000 tons of lithium concentrate per year.
