On the evening of January 15, 300073, Daesun Technology Corporation (" SK ") announced that it has signed a STRATEGIC COOPERATION AGREEMENT with SK Inc. (" SK ") in Seoul and Beijing respectively. Both parties agree that SK (or its affiliates and investors) will participate in the investment of Donsun New Materials Industry Base in Europe, and establish a joint venture company in South Korea to jointly develop cathode materials business.
On November 8, Daisen announced the formation of a joint venture in Finland with Finnmining Group and its subsidiary Finnbattery Chemicals. The company (through its related entities) intends to hold 70% of the joint venture, while FMG, through its wholly owned subsidiary FBC, intends to hold 30% of the joint venture. The joint venture company is responsible for the construction and operation of The New material Industry base project of Dangsheng Technology In Europe, and plans to build a production base for high-nickel power lithium cathode material with an annual output of 100,000 tons in the first phase in Finland. The European base involved in the agreement between Donsun and SK refers to this project. According to the announcement, SK (or its affiliates, investors) intends to participate in the investment and construction of Donsun Technology Europe, the investment proportion is not more than 30%, the specific investment proportion will be negotiated and determined by both parties in the subsequent formal investment agreement.
In addition to the European project, in order to further expand the cathode material business, the two sides also plan to cooperate in the Asian project. According to the announcement, the two sides agreed to jointly invest in the way of the establishment of a joint venture in South Korea (hereinafter referred to as the Korean company) to cooperate in the development of cathode materials business, in the case of the South Korean company, Dangsheng Technology intends to hold no more than 49% of the shares, SK is the controlling shareholder of the South Korean company, intends to hold no less than 51% of the shares. At the same time, both parties agree to set up wholly-owned subsidiaries in the United States directly or indirectly through Korean companies in the future, and jointly expand business in the United States market. (Source: Battery 100 - Battery Network)
[Project] Qingshan Industrial and France Hermann will start the lithium extraction project in Argentina salt Lake
Recently, Aoshan Industrial announced that it will cooperate with France's Hermann to develop lithium mines in Argentina, and signed an agreement for the 24,000-ton LCM battery grade lithium extraction project in Argentina's Centenario-Ratones Salt Lake. The project is scheduled to start construction in early 2022 and reach commercial operation in 2024.
It is reported that Qingshan Industrial and Ehrman cooperated to develop the laterite nickel iron project in WedaBay, Indonesia as early as 2017. In less than two years, the project was completed and put into operation in April 2020, deepening the trust and cooperation between the two sides. (Source: Battery 100 - Battery Network)
[Investment] Tibet Everest plans to invest $1.7 billion to develop Argentina's Salt Lake project
On November 16, Tibet Qomolangma (600338) and the government of Salta Province of Argentina signed an Investment Agreement for salta Province salt Lake Resources Industrialization Development Project. According to the agreement, Tibet Everest and its subsidiaries will invest about $700 million to Argentina in 2022 to build an annual capacity of 50,000 tons of lithium carbonate products in Salta Salta Salt Lake. The project is scheduled to start construction by the end of 2021 and is expected to be completed by the end of 2022. At the same time, the company will invest $15 million to complete geological exploration of salta Salt Lake Arizaro in 2022, obtaining mining rights and EIA approval. The company plans to invest at least $1 billion to build an annual capacity of 50,000 to 100,000 tons of lithium carbonate products in arizaro Salt Lake. (Source: Battery 100 - Battery Network)
[Dynamic] The business scope of Chuanjinuo plans to add production and sales of iron phosphate and lithium iron phosphate
Late November 18, phosphorous chemical enterprise sichuan jinnuo (300505) announced that the company according to the practical needs and development strategy layout, proposed new "iron phosphate,lithium iron phosphate production and sales, according to the market supervision administration of yunnan province about other business scope canonical expression query system requirements, to the original scope of business to the company to synchronize the expression of specification adjustment.
The announcement shows that Chuan Jinuo to the proposed new business scope of iron phosphate, lithium iron phosphate production and sales of electronic materials research and development, sales, manufacturing. (Source: Battery 100 - Battery Network)
[Company] Hanrui Cobalt Industry plans to set up an industrial fund of 200 million yuan, mainly focusing on new energy vehicles and other fields
November 18 evening, Hanrui cobalt Industry (300618) announced that the company will participate in the establishment of Wuhan Star Equity Investment partnership (limited partnership). The fund aims to raise 505 million yuan, and the subscribed capital amount at the time of establishment is 252.5 million yuan. As a limited partner, the company subscribed 200 million yuan with its own monetary capital, accounting for 79.21% of the total subscribed capital amount at the time of establishment. The fund will focus on investment opportunities in new energy vehicles, new materials and consumer electronics industry chains. (Source: Battery 100 - Battery Network)
Ximei Resources plans to participate in the joint venture company to invest and build a project with an annual output of 50,000 tons of battery grade lithium salt
November 18, Dilute Resources (09936.HK), a tantalum-niobium metallurgical product manufacturer, announced that dilute Resources (HK), a wholly-owned subsidiary of the company, entered into a joint venture agreement with Guangdong Yuanwei, Hainan Aosi, Mr. Gao and Hainan Jingxingda on the same day.
According to the agreement, the registered capital of the joint venture company is RMB 200 million. Ximei Hong Kong co., LTD., Guangdong Yuanwei Co., LTD., Hainan Ausi Co., LTD., Mr. Gao and Hainan Jingxingda Co., Ltd. will respectively invest approximately RMB 37.3 million yuan, RMB 99.5 million yuan, RMB 50 million yuan, RMB 12.2 million yuan and RMB 1 million yuan into the joint Venture Company. Accounting for 18.66%, 49.75%, 25.0%, 6.09% and 0.5% of the registered capital of the joint venture company respectively.
The announcement shows that the joint venture company will build an annual output of 50,000 tons of battery-grade lithium salt recycling economic industrial park in Sichuan Province, the main product for the important material of lithium battery -- lithium salt. The project will be built in two phases, with an annual output of 23,000 tons of battery-grade lithium salts in the first phase and 27,000 tons in the second phase. (Source: Battery 100 - Battery Network)
[Company] another listed company layout of lithium iron phosphate! It plans to invest and build a 200,000-ton/year new energy material project
On the evening of November 19th, Chuanfa Longpython (002312) announced that the company plans to build a 200,000 tons/year new energy material project in Deyang-Aba Ecological Economic Industrial Park (referred to as "Dea-Aba Industrial Park"). After consultation with the Management Committee of Dea-Aba Industrial Park, both sides agreed to sign the "Investment Agreement". The project plans to build 200,000 tons of lithium iron phosphate and 200,000 tons of iron phosphate production lines, with the construction period from June 2022 to December 2024.
According to the announcement, the project will be implemented in stages: the first phase will build an annual production line of 100,000 tons of lithium iron phosphate / 100,000 tons of iron phosphate, which will be completed and put into operation in October 2023; The second phase will construct a production line with an annual output of 100,000 tons of lithium iron phosphate / 100,000 tons of iron phosphate, which will be completed and put into operation in December 2024. (Source: Battery 100 - Battery Network)
Let the science and technology
[Order] Rongbai Technology and Huayou Cobalt signed a long order, which is expected to purchase 415,000 tons of precursors
On the evening of November 19, Rongbai Technology (688005) announced that the company and Huayou Cobalt Industry (603799) signed a strategic cooperation agreement. The agreement stipulates that the company will establish long-term close cooperation with Huayou Cobalt industry in the fields of upstream nickel and cobalt resource development, precursor technology development, precursor product supply and marketing, and the agreement will be valid from the effective date to December 31, 2030.
According to the announcement, from January 1, 2022 to December 31, 2025, Rongbai Technology will purchase no less than 180,000 tons of precursors from Huayou Cobalt. Under the condition that Huayou Co provides rongbai Technology with competitive pricing method of metal raw materials and precursor processing fees, both parties expect to purchase 415,000 tons of precursor. The specific annual purchase number of precursors shall be subject to monthly purchase and sales orders depending on the development progress of products and customers of both parties. The cooperation conditions from 2026 to 2030 shall be agreed upon in a supplementary agreement signed by both parties after confirmation through separate negotiations. (Source: Battery 100 - Battery Network)
Zhongyin velvet industry, lithium iron phosphate, cathode materials
Photo source: Zhongyin Velvet Industry
[Company] Zhongyin Velvet Industry plans to invest RMB 2 billion and build a project with annual output of 80,000 tons of lithium iron phosphate to make new energy
On the evening of November 19th, Boc Fiber Industry (000982) announced that the company intends to sign the Equity Transfer Agreement with Sichuan Xinruiheng Lithium Technology Co., LTD. (" Xinruiheng ") and its shareholders Chengdu Chongxin Xinda Industrial Co., LTD. (" Chongxin Xinda "). Chongxin Xinda transfers its 100% equity of Xinruiheng (corresponding subscribed registered capital is 50 million yuan, paid-in registered capital is 0 Yuan) to the company at the price of 0 yuan. After the completion of the transfer, the company will pay the registered capital of 50 million yuan to Xinruiheng, and Xinruiheng will become a wholly-owned subsidiary of the company, and it plans to take Xinruiheng as the main investor to invest in the construction of an annual output of 80,000 tons of lithium iron phosphate cathode material project.
In terms of the project content, The project of Zhongyin Velvet industry plans to build an annual output of 80,000 tons of lithium iron phosphate cathode material lithium iron phosphate production line and supporting facilities, with an estimated total investment of 2 billion yuan, all of which will come from the company's own and self-raised funds. Meanwhile, the project is planned to be implemented in stages, with a total construction period of 4 years. Among them, the first phase is planned to build an annual output of 20,000 tons of lithium iron phosphate cathode material lithium iron phosphate production line, the first phase is expected to be completed within 12 months from the start of the construction conditions. (Source: Battery 100 - Battery Network)
[Interactive] Yahua Group: The production capacity of 30,000 tons of battery-grade lithium hydroxide in The second phase of Yaan Lithium Industry is expected to be completed at the end of next year
On November 18, Yahua Lithium (002497) said in the investor interactive platform, The second phase of The Project 30,000 tons of battery grade lithium hydroxide capacity is expected to be completed at the end of next year, when the company's comprehensive capacity will reach 73,000 tons. (Source: Battery 100 - Battery Network)
[Think tank Circle] The increase of the threshold of specific capacity of lithium iron phosphate leads enterprises to reduce blind expansion
Recently, the Ministry of Industry and Information Technology released the "Lithium ion Battery Industry Specification Conditions" (draft), further upgrading the battery and material performance parameters. In terms of batteries, the draft proposed that the energy density of single power battery project should be ≥180Wh/kg, and the energy density of battery pack should be ≥120Wh/kg for newly built power battery projects. Energy storage batteries require energy density ≥145Wh/kg for each battery and ≥110Wh/kg for each battery. In terms of cathode materials, the draft is clear: specific capacity of lithium iron phosphate ≥150Ah/kg; Ternary material specific capacity ≥175Ah/kg; Specific capacity of lithium cobalt acid ≥170Ah/kg; Specific capacity of lithium manganate ≥115Ah/kg.
In this regard, Everbright Securities pointed out that the standard conditions of lithium iron phosphate positive electrode capacity ≥150Ah/kg, the threshold is high, in iron lithium head enterprises to achieve the technical level, the document is expected to guide industrial upgrading, avoid blind large-scale expansion, is conducive to the long-term benign development of the industry. Citic Securities said that it is expected that the policy will cause the market to re-focus on the performance advantages of ternary materials and a better competitive pattern, rectify the situation of the former ternary material plate under pressure, and bring the allocation opportunities of ternary materials.
However, the standard conditions are a guiding document to encourage and guide the technological progress and standardized development of the industry, without the predisposition and compulsion of administrative approval.
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