Boshi High-Tech increases LMO production
2021-01-13 11:43:19 [Print]
BEIJING (Asian Metal) 13 Jan 21 - A source from Anhui Boshi High-Tech New Material Co., Ltd., the largest LMO producer in China, revealed that since December the company increased its LMO production by over 60% to around 1,800t as a result of growing downstream demand.
"Thanks to increasing downstream demand, growth in our LMO production is higher than expected. Since December our LMO output increased by 600t to around 1,800t and output in January is expected to reach 2,000t. Besides, we will maintain normal production during the Spring Festival holiday," the source said, adding that they have seven production lines in operation and another six newly built lines will go into production in late March; by then their monthly output will increase to 2,600-2,800t. According to him, downstream demand for LMO is growing; but as prices for raw material lithium carbonate 99.5%min rose dramatically by over RMB10,000/t (USD1,544/t) in the recent month, LMO prices are expected to move up in the coming week.
The company commenced construction of its 50,000tpy LMO project in November 2019 and put it into operation in early July 2020, expecting to produce around 2,000t in January, up by over 200t MOM.
Currently in China, mainstream LMO 58%min prices stay at RMB34,000-36,500/t (USD5,251-5,637/t) delivered D/A 180 days, unchanged from late last week.
"Thanks to increasing downstream demand, growth in our LMO production is higher than expected. Since December our LMO output increased by 600t to around 1,800t and output in January is expected to reach 2,000t. Besides, we will maintain normal production during the Spring Festival holiday," the source said, adding that they have seven production lines in operation and another six newly built lines will go into production in late March; by then their monthly output will increase to 2,600-2,800t. According to him, downstream demand for LMO is growing; but as prices for raw material lithium carbonate 99.5%min rose dramatically by over RMB10,000/t (USD1,544/t) in the recent month, LMO prices are expected to move up in the coming week.
The company commenced construction of its 50,000tpy LMO project in November 2019 and put it into operation in early July 2020, expecting to produce around 2,000t in January, up by over 200t MOM.
Currently in China, mainstream LMO 58%min prices stay at RMB34,000-36,500/t (USD5,251-5,637/t) delivered D/A 180 days, unchanged from late last week.
Lithium Manganate Mn 58% Delivered China
Unit:RMB/mt
China lithium carbonate 99.5%mi producers' sales volume statistics by province by month
Unit: mt
