Jin Yinhe 'refills' lepidolite to extract lithium

According to the announcement of Jin Yinhe, it agreed to establish a wholly-owned subsidiary Jiangxi Jinde Lithium New Energy Technology Co., Ltd. with its own funds to invest in its wholly-owned subsidiary Andeli, to increase the field of lithium extraction from lepidolite. The establishment of the grandson company Jinde Lithium is mainly engaged in the comprehensive processing and development and utilization of lithium extraction from lepidolite, and the research and development, production and sales of battery-grade lithium carbonate, rubidium carbonate, cesium sulfate, potassium aluminum sulfate, and silica sand. According to data, in 2018, Jin Yinhe invested in lepidolite to prepare battery-grade lithium carbonate and high value-added by-products comprehensive utilization project (Phase I) through Andre. The project's lithium carbonate output is expected to be 4,000 tons. At present, Andre's lepidolite lithium extraction project is in the trial operation stage. The important reason for Golden Galaxy to increase the lepidolite lithium extraction project this time is that the new energy vehicle market is continuously improving, the power lithium battery company is rapidly increasing production, and the upstream lithium salt resources are tightening prices. Compare the global lithium salt release rhythm and market Demand, the gap between supply and demand of lithium salt is increasing day by day. It is understood that domestic hard rock lithium resources account for 33% of domestic resources, mainly concentrated in Sichuan and Jiangxi, among which spodumene ore is mainly concentrated in Sichuan and Xinjiang, and lepidolite ore is mainly concentrated in Jiangxi. Among them, Yichun City, Jiangxi Province has the world's largest lepidolite mine, and the proven usable lithium oxide reserves are about 2.5 million tons. It is worth noting that due to environmental pressures, technical problems, and low efficiency of lithium extraction from mica, the output of lithium extraction from Jiangxi lepidolite is not high. How Jin Yinhe breaks through high-tech lithium battery will also continue to pay attention.