Lithium carbonate industry pattern may change -Lithium - Ion Battery Equipment

Lithium carbonate industry pattern may change -Lithium - Ion Battery Equipment

Albemarle recently announced a final agreement to acquire Jiangxi Jiangli New Material Technology Co., Ltd. (hereinafter referred to as Jiangli New Material), and plans to make additional investment, expand production, and build Jiangxi Xinyu into the largest battery-grade lithium salt base in Asia.

The transaction is expected to close in the first quarter of 2017.

Albemarle is a listed company on the New York Stock Exchange and one of the top 100 chemical companies in the world. Its lithium salt business ranks first in the world in terms of comprehensive strength and plays a pivotal role in the world's lithium industry.

The acquisition by Yabao Company can be regarded as saving Jiang Li New Materials at a critical moment. In 2005, a subsidiary of CITIC Group acquired Jiangxi Lithium Factory and established Jiangxi Lithium New Materials, engaged in the production of lithium hydroxide and lithium carbonate. The core competitiveness of Jiangli New Materials lies in lithium hydroxide, which has been supplying to Japan, Europe, America and domestic excellent new energy companies for a long time. However, the continued sluggish price of lithium carbonate makes it very difficult for Jiangli New Materials to operate. At the end of last year, Jiang Li Technology, a brother unit of Jiang Li New Materials, also started bankruptcy.(Lithium - Ion Battery Equipment)

Jiang Li New Materials has an output of 10,000 tons of lithium carbonate in Xinyu, Jiangxi, and its subsidiary Guorun New Materials has a production of 5,000 tons of lithium carbonate in Pengshan, Sichuan. After joining forces with Yabao, Jiang Li New Materials is expected to produce 15,000 tons of new materials in the two places next year.

After Yabao acquires Jiangli New Materials, the production pattern of lithium carbonate in my country may change.

The lithium carbonate industry is subject to raw materials. At present, domestic large-scale mine owners include Tianqi Lithium and Qinghai Salt Lake. Tianqi Lithium owns a 51% stake in Talison, the world's largest solid lithium mine. At the same time, Tianqi Lithium is the world's largest ore lithium extraction company, with nearly 30,000 tons of lithium carbonate output in Shehong, Sichuan and Zhangjiagang, Jiangsu.

Qinghai Salt Lake is rich in lithium resources, and there are two major development entities here. In 2016, BYD cooperated with Salt Lake Co., Ltd. to operate the lithium extraction industry of Qinghai Chahar Salt Lake through Lanke Lithium Industry.

Another development subject for lithium extraction from Qinghai Salt Lake is Peking University Xianxing and others. Qinghai established a new main body for the development of Dongtai Jinel Salt Lake Lithium Resources last year, Qinghai Dongtai Jinel Lithium Resources Co., Ltd. The company is jointly held by Peking University Xianxing, West Mining Group, and CITIC Guoan Technology. In 2016, Dongtai Lithium Resources began to expand production, and the new project is expected to be put into operation by the end of 2017.



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