Since the start of 2023, the cost of lithium carbonate has dropped back to previous levels. On Aug. 24, the spot price of domestic battery-grade lithium was 220,000 yuan a ton, down 22.8% on the previous month and a 62.7% decrease from the peak of 591,000 yuan a ton in November.
At the same time, an unprecedented slump in the lucrative lithium-ion battery industry had downstream manufacturers wringing theirs. Even China’s leading vehicle battery maker, Contemporary Amperex Technology Co. Ltd., found itself at the mercy of the mines producing this essential metal, which has multiple industrial applications.
But Chinese companies have been spending heavily on domestic lithium sources as they try to secure access to the metal at the heart of the energy transition. When a recent auction for exploration rights at a lithium site in China’s southwestern Sichuan province closed, it had garnered more than 11,000 bids.
Even after subtracting 67.1 GWh for exports, that leaves 103.1 GWh of unused stock. Meanwhile, Huatai Securities has predicted that the global surplus of lithium will rise from 70,000 tons in 2023 (7% of the annual demand) to 250,000 tons in 2024 (17%) and 310,000 tons in 2025 (16%).
A survey and assessment report released by the Sichuan Bureau of Geology and Mineral Resources showed that lithium oxide deposits in the two Sichuan prospecting zones have an estimated average grade of 1.26% and a predicted volume of 370,000 to 600,000 tons, which translates into 920,000 to 1.48 million tons of lithium carbonate.
When a recent auction for exploration rights at a lithium site in China’s southwestern Sichuan province closed, it had garnered more than 11,000 bids. Copyright © 2024 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Tiantie plans to invest 1 billion yuan to build lithium salt and …
On the evening of July 20th, Tiantie Group (300587) issued an announcement that Changjili New Energy, a wholly-owned subsidiary of the company, plans to invest in the construction of an annual output of 50,000 tons of lithium salt and 3,800 tons of alkyl lithium series in the Longqiao Chemical Park in Lujiang High-tech Zone. And its supporting ...
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Tiantie Lithium Project Completed with RMB 1Billion Investment, …
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Tiantie plans to invest 1 billion yuan to build lithium salt and other ...
On the evening of July 20th, Tiantie Group (300587) issued an announcement that Changjili New Energy, a wholly-owned subsidiary of the company, plans to invest in the …
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**TianTie Lithium Battery Project Commissions Trial Production
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TianTie Lithium Battery Project Kicks Off Trial Production
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In China, Bidding Wars for Lithium Top Out at 1,300 …
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Canada announces a $1B Maple Ridge Battery Plant
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Lithium Batteries Tenders And GPN Opportunities 2024
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Enami Shortlists Six Companies for Altoandinos …
Enami has shortlisted six companies, including Rio Tinto and POSCO, for the development of the Altoandinos lithium project in Chile''s Atacama Region. The selected companies will negotiate a public-private …
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**TianTie Lithium Battery Project Commissions Trial …
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Latest List of Upcoming Lithium-ion Battery Manufacturing Plant …
Search all the upcoming lithium-ion battery manufacturing plant projects, bids, RFPs, ICBs, tenders, government contracts, and awards in China with our comprehensive online database. Call +1(917) 993 7467 or connect with one of our experts to get full access to the most comprehensive and verified construction projects happening in your area.
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The agreement involved a pledge to invest in a large-scale project to extract lithium and other metals at an open mine, processing 40,000 tons of lithium carbonate a year, and the production of rechargeable batteries. The project is forecast to attract 16 billion yuan in investments.
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In China, Bidding Wars for Lithium Top Out at 1,300 Times the …
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Leader Intelligence: won the bid of about 4.547 billion yuan for ...
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Deal for Lithium Carbonate from Certain Brine Lake in Qinghai …
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Latest List of Upcoming Lithium-ion Battery Manufacturing Plant …
Search all the upcoming lithium-ion battery manufacturing plant projects, bids, RFPs, ICBs, tenders, government contracts, and awards in China with our comprehensive online database. …
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Deal for Lithium Carbonate from Certain Brine Lake in Qinghai …
In the morning of May 23, bidding began at a lithium brine lake in Qinghai. The auction was intended to sell a total of 32 tons of lithium carbonate with the starting bid price at …
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TianTie Lithium Battery Project Kicks Off Trial Production
Upon completion of the project, it will have an annual production capacity of 30,000 tons of anhydrous lithium chloride, 10,000 tons of battery-grade lithium carbonate, …
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According to Tiantie Co., Ltd., on the morning of October 30, the trial production ceremony of the Anhui Tiantie Lithium Battery Renewable Energy Co., Ltd. project with an annual output of …
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