The titanium dioxide industry came across the border, targeting the lithium iron phosphate market
Recently, as an important upstream raw material for lithium iron phosphate batteries, the lithium iron phosphate market has suddenly entered a group of "unfamiliar faces": they seem to have smelled something, coming from the titanium dioxide industry across the border, targeting the lithium iron phosphate market.
The lithium iron phosphate market breaks into "new players"
On February 3, China Nuclear Titanium Dioxide, the leading enterprise in the domestic titanium dioxide industry, suddenly announced that it would build a large-scale lithium iron phosphate project with an annual production capacity of 500,000 tons at a cost of 12.108 billion yuan.
On February 18, Lomon Billions, which also belongs to the titanium dioxide industry, also received the latest news about its entry into the lithium iron phosphate market: its subsidiary Billion New Energy plans to invest 300 million yuan to establish Henan Longbai New Material Technology Co., Ltd.
"The company has been making technical preparations for the production of lithium iron phosphate materials in recent years. The Longbai New Materials established this time is mainly intended to extend the titanium dioxide industry chain and use waste to produce new energy battery materials, that is, lithium iron phosphate." Long. The relevant person in charge of Python Baili revealed.
It is understood that CNNC Titanium Dioxide and Lomon Billions enter the lithium iron phosphate market by directly producing lithium iron phosphate materials. In addition to this "playing method", among the participants of titanium dioxide enterprises, there are also players who supply the by-products of titanium dioxide to lithium iron phosphate production enterprises. And Ananda is one of them.
It is reported that Ananda has been involved in the production of high-performance lithium iron phosphate batteries as early as 2015. The essential raw material - iron phosphate; It is even planned to build iron phosphate into its second main business.
As the saying goes, a gentleman sees alike. Titanium dioxide companies have entered the lithium iron phosphate market one after another from the chemical industry, which must have its deep-seated reasons.
Aiming at the advantages of lithium iron phosphate "potential stocks" + "turning waste into treasure"
In fact, with the advantages of its own safety and cost, superimposed on the newly adjusted subsidy policy, lithium iron phosphate batteries are getting "prosperous" in the new energy vehicle industry.
According to statistics, in the power battery field, which accounts for the largest proportion of domestic lithium iron phosphate battery shipments, its cumulative output in 2020 will reach 34.6GWh, a cumulative increase of 24.7% year-on-year. In the same period, the domestic power battery output accumulated to 83.4GWh, a year-on-year decrease of 2.3%; in terms of sales, lithium iron phosphate batteries reached a total of 30.8GWh, a year-on-year increase of 49.2%, which is the only power battery product that achieved positive year-on-year growth.
In addition, BYD's external supply of blade batteries, Tesla Model 3's launch of lithium iron phosphate models, many models have been replaced with lithium iron phosphate batteries, and battery companies such as Ningde Times are madly deploying lithium iron phosphate battery production capacity, which is a sign of lithium iron phosphate batteries. demand will grow further.
It is worth mentioning that on February 26, lithium iron phosphate batteries ushered in major good news: Tesla CEO Musk said: (Tesla) Due to concerns about the long-term availability of nickel supply, more Electric vehicles may be equipped with lithium iron phosphate (LFP) batteries.
Anyone with a discerning eye can see that lithium iron phosphate batteries are becoming very popular in the field of power batteries.
In addition, in addition to being favored in the field of power batteries, lithium iron phosphate batteries are also expanding their territory in application scenarios such as base station energy storage, power energy storage, two-wheeled electric vehicles, and ships.
As a result, under the expectation of the hot sales of lithium iron phosphate batteries in the future, the material market of lithium iron phosphate batteries has also become a land of gold nuggets.
According to forecasts, the global demand for lithium iron phosphate cathode materials is expected to reach about 980,000 tons in 2025, corresponding to a market size of about 28 billion yuan, and the compound annual growth rate from 2020 to 2025 will reach 43%.
In the face of the lithium iron phosphate market with huge demand potential in the future, "spectators" in other industries will inevitably move their minds and want to get a piece of the pie. And titanium dioxide enterprises are the important participants who came to hear the news.
"Titanium dioxide enterprises have natural advantages in the cross-border lithium iron phosphate market: wastes generated in the production process of titanium dioxide such as waste acid and ferrous sulfate, combined with lithium carbonate and other materials, can be made into lithium iron phosphate after further processing. In this process, the waste will be used up, and the processing cost will be saved, and it is no longer necessary to spend money to purchase other products for neutralization as before.” said the relevant person in charge of CNNC Titanium Dioxide.
It can be seen that the cross-border participation in the production of lithium iron phosphate has turned the "burden" of titanium dioxide enterprises into a "baby", killing two birds with one stone.
At the same time, the expansion of the titanium dioxide industry has also put the "cross-border" operation of its enterprises on the agenda.
"At present, the titanium dioxide market is in good condition, and many titanium dioxide companies have plans to expand production. The company plans to expand 200,000 tons of crude iron in the near future. If it is fast, 300,000 tons of sulfuric acid process titanium dioxide will be formed in 2022. Production scale. As of now, the ferrous sulfate by-product produced by the production capacity of 100,000 tons of titanium dioxide may still be digested locally, but when the subsequent production capacity reaches 300,000 tons and more than 1 million tons of ferrous sulfate is formed, it will not be fully digested locally.” CNNC The above-mentioned person in charge of Titanium Dioxide said.
It is not difficult to find that under the urging of the current expansion of the titanium dioxide industry, relying on the industry's own advantages of "turning waste into treasure", it has become a wise move for titanium dioxide companies to participate in the popular lithium iron phosphate industry across borders.
But it is worth noting that although the lithium iron phosphate market is attractive, it is not easy to "eat and eat".
When talking about the key points of cross-border conversion of titanium dioxide enterprises to lithium iron phosphate, industry insiders pointed out: "One is to find senior people in the lithium iron phosphate market as soon as possible and have core technologies, so as to truly realize integrated production; The production plant must be close to the mining area, and at the same time, pay attention to the cost of electricity. The advantages will be highlighted when the cost of logistics and electricity is very low. In addition, the speed of production conversion must be fast, and if the action is slow, good opportunities will pass.” .
It seems that the titanium dioxide companies that want to make a big move in the lithium iron phosphate market and hear the news are going to run forward.