Lomon Group's Lithium Iron Phosphate Output Hits 27,900 Tons, Boosted by 1.15 Million Tons of Ferrous Sulfate Use in H1 2024

[Lithium Iron Phosphate: Lomon's Lithium Iron Phosphate Production Reached 27,900 Tons and Sales Volume Reached 20,200 Tons in the First Half of 2024, with Approximately 1.15 Million Tons of Ferrous Sulfate] On August 28, 2024, Lomon Group released its semi-annual report for 2024. In the first half of 2024, the company produced a total of 1.5482 million tons of iron ore concentrate and sold 1.5486 million tons externally. It produced 1.0456 million tons of titanium concentrate, all of which were used internally, ensuring the stability of the company's raw material supply. Additionally, the company produced 27,900 tons of lithium iron phosphate, with sales reaching 20,200 tons.

Titanium Dioxide Production and Sales: In the first half of 2024, the total production of titanium dioxide reached 649,600 tons, representing a year-on-year increase of 9.70%. Among them, the production of sulfuric acid-process titanium dioxide was 453,700 tons, up 16.31% year-on-year. According to SMM estimates, approximately 1.15 million tons of ferrous sulfate were used for the production of lithium iron phosphate, sufficient for the production of nearly 500,000 tons of lithium iron phosphate cathode materials.