From the titanium dioxide industry cross-border, direct to the lithium iron phosphate market

Recently, as an important upstream raw material for lithium iron phosphate batteries, the lithium iron phosphate market suddenly broke into a group of 'unfamiliar faces': they seem to have smelled something, coming from the titanium dioxide industry across the border, and targeting the lithium iron phosphate market. Lithium iron phosphate market breaks into 'new players' On February 3, China Nuclear Titanium Dioxide, the leading company in the domestic titanium dioxide industry, suddenly issued an announcement saying that it will build a large-scale plant with a planned annual production capacity of 500,000 tons at a cost of 12.108 billion yuan. Lithium iron phosphate project. On February 18th, Lomon Baili, which belongs to the titanium dioxide industry, immediately received the latest news of entering the lithium iron phosphate market: its subsidiary Baili 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 establishment of Longbai New Materials is mainly intended to extend the titanium dioxide industry chain and use waste to produce new energy battery materials, namely lithium iron phosphate.' The relevant person in charge of Mang Baili revealed. It is understood that China Nuclear Titanium Dioxide and Lomon Bailey entered the lithium iron phosphate market by directly producing lithium iron phosphate materials. In addition to this 'playAnd Anada is one of them. It is reported that Anadar has been involved in the production of iron phosphate, an essential raw material for high-performance lithium iron phosphate batteries, as early as 2015; in July 2020, it will further increase capital and expand the iron phosphate project, increasing the amount of capital to 77 million yuan; in the near future; It also plans to build iron phosphate into its second main business. As the saying goes, a gentleman sees the same. Titanium dioxide companies have broken into the lithium iron phosphate market from the chemical industry, and this must have its underlying reasons. Aiming at the advantages of lithium iron phosphate 'potential stocks' + 'turning waste into treasure'. In fact, relying on its own safety and cost advantages and superimposing the newly adjusted subsidy policies, lithium iron phosphate batteries are becoming 'wind-born' in the new energy automobile industry. Water rises'. 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 production has accumulated 83.4GWh, which has dropped by 2.3% year-on-year. In terms of sales, lithium iron phosphate batteries have accumulated to 30.8GWh, a year-on-year cumulative increase of 49.2%, which is the only positive year-on-year increase. Growing power battery products. In addition, BYD blade batteries are supplied externally, Tesla Model3 has launched lithium iron phosphate models, many models have been replaced with lithium iron phosphate batteries, and battery companies such as Ningde Times are crazy to deploy lithium iron phosphate battery production capacity, which indicates that lithium iron phosphate batteries The 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) out of concerns about the long-term availability of nickel supplies, 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 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, electric energy storage, two-wheeled electric vehicles, and ships. As a result, in anticipation of the hot sale of lithium iron phosphate batteries in the future, the material market for lithium iron phosphate batteries has also become a land for gold mining. 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 approximately 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 be moved and want to get a piece of the pie. And titanium dioxide companies are important participants who have heard the news. 'Titanium dioxide companies have a natural advantage in the cross-border lithium iron phosphate market: waste acid, ferrous sulfate and other titanium dioxide produced in the production process, combined with lithium carbonate and other materials, can be further processed into lithium iron phosphate. In In this process, waste materials will be used, and processing costs are also eliminated. It is no longer necessary to spend money to purchase other products for neutralization as before.” said the relevant person in charge of China Nuclear Titanium Dioxide. It can be seen that the cross-border participation in the production of lithium iron phosphate has turned the 'burden' of the titanium dioxide company into a 'babyAt the same time, the expansion of the titanium dioxide industry also puts the company's 'cross-border' operations on the agenda. 'The current market situation of titanium dioxide is good, and most 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 titanium dioxide can be formed in 2022. Production scale. Up to now, the ferrous sulfate by-product produced by the 100,000 tons of titanium dioxide production capacity may still be digested locally, but when the subsequent production capacity reaches 300,000 tons to form more than 1 million tons of ferrous sulfate, the local area will not be able to fully digest it.' The above-mentioned person in charge of titanium dioxide said. It is not difficult to find that under the current urging of the expansion of the titanium dioxide industry, with the industry's own advantages of 'turning waste into treasureHowever, it is worth noting that although the lithium iron phosphate market is attractive, it is not easy to 'seize and eat'. When talking about the key points for titanium dioxide companies to switch to lithium iron phosphate across the border, industry insiders pointed out: “First, we must find senior people in the lithium iron phosphate market as soon as possible and have core technologies to truly achieve integrated production; second, The production plant must be close to the mining area. At the same time, the cost of electricity must be paid attention to. The advantage will be highlighted when the cost of logistics and electricity is very low. In addition, the speed of conversion must be fast, and the good opportunity will pass if the action is slow.' . It seems that if you want to make a big move in the lithium iron phosphate market, the titanium dioxide companies that have come after hearing the news are going to run forward.