China’s Fengyuan builds Li-ion cathode plants
Chinese chemicals producer Shandong Fengyuan Chemical is making progress in building production plants for lithium iron phosphate (LFP) cathode material and nickel-cobalt-manganese (NCM) battery cathode material.
The 10,000 t/yr LFP cathode material project will be built in two phases. The first phase of 3,000t/yr started pilot operation in the second half of 2017 and will start commercial production soon. It has received orders from buyers including Penghui Resource, Aoyou Power and Langtaifeng Electric.
Site construction for the remaining 7,000 t/yr is completed, with equipment for the first production line of 3,500 t/yr scheduled to be installed before the end of this year.
Fengyuan will invest 420mn yuan ($60mn) in the LFP project and Yn196mn on the NCM project.
The company has also completed site construction of the 5,000 t/yr NCM plant, which has two production lines. The first line with 1,500 t/yr of capacity for 8-1-1 NCM ternary material started pilot production on 18 September. It has ordered equipment for the second line with 3,500 t/yr of capacity, which will be installed at the end of November.
Fengyuan entered the lithium battery industry in 2016 when it formed Fengyuan Lithium Energy.
Demand for lithium-ion batteries has risen sharply in response to China's growing new energy vehicle (NEV) sector. More and more Chinese companies, including Ningbo Shanshan and Zhejiang Huayou, are investing in ternary cathode material production, with domestic capacity reaching 150,000 t/yr.
China's January-September NEV production increased by 73pc from a year earlier to 735,000 units. The country is on target to produce 1mn NEVs this year.
source: Argus Media
Top News
Six last month
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Gold loses some luster after Trump’s decisive win
Hedge funds slash bullish wagers on gold over Trump election win
Iron ore price flirts with key $100/t level on firm demand, China stimulus hopes
Resolute Mining says it will pay Mali $160 million in tax dispute
Russia takes aim at US nuclear power by throttling uranium
Aluminum price to average 6% higher in 2024 on strong demand: Fitch
BHP to spend up to $14 billion on Chilean copper expansion
Trump chooses oil fracking boss as energy secretary
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project
Endeavour Silver raises $73m for Pitarrilla project
BHP to spend up to $14 billion on Chilean copper expansion
Chile’s rare salt flat fish faces threat from lithium mining project
Iran Alloy Steel Company intends to purchase 12 tons of ferrotungsten through public tender
Iran Alloy Steel Company intends to purchase 150 tons of Low-Carbon Ferro Manganese through public tender
Marimaca Copper eyes ASX dual listing to boost Chile project
Osisko Development surges on permitting milestone for Cariboo gold project
Earth AI, Legacy Minerals make first greenfield palladium discovery using artificial intelligence
Mexico’s proposed higher mining royalties could block nearly $7bn in investments
Sierra Leone woos miners to clean energy with $11 billion plan
Alrosa plans production cuts and staff reduction for 2025
Chile’s rare salt flat fish face threat from lithium mining project