Lithium Industry Annual Report 2022
2023-02-20 18:28:47 【Print】
The following is a brief synopsis of the report. Your access is restricted as it is a subscription based service.
Please contact us for a subscription.
Please contact us for a subscription.
1. 1. Lithium Industry Overview 4
1.1 Definition 4
1.2 Type 4
1.3 Distribution 4
1.4. Application 4
2. Economy and Policy 5
2.1 Chinese economy and policy 5
2.1.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 5
2.1.2 Four ministries: Subsidy standard for NEV in 2022 to decline by 30% on basis of 2021 5
2.1.3 CAAM: China's NEV sales in 2021 up by 1.6 times YOY 5
2.1.4 MIIT pushes to speed up lithium development in China 5
2.1.5 MIIT: to moderately speed up domestic lithium and nickel development 5
2.1.6 BYD's NEV sales reach 88,300 units in Feb 5
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 5
2.1.8 MEE launches six-batch of second-round central environmental inspection 5
2.1.9 GAC: New energy vehicle sales in June rise by 173% YoY 6
2.1.10 CPCA: China's passenger car retail sales increase by 22.6% YoY in Jun 6
2.1.11 Hainan plans to increase installed PV capacity by 4GW by 2025 6
2.1.12 Hunan aims for over 40GW of installed new energy power capacity by 2030 6
2.1.13 CPCA: China's NEV power battery installation up by 92.3% YoY in Jan-Nov 6
3. Market Movement 6
3.1 Chinese Market Movements 6
3.1.1 Lithium carbonate 99%min Delivered D/P 6
3.1.2 Lithium carbonate 99.5%min Delivered D/A 180 days 7
3.1.3 Lithium hydroxide monohydrate 56.5%min Delivered D/A 180 days 8
3.1.4 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max Delivered D/A 180 days 9
3.1.5 Lithium chloride 99.3%min delivered China 10
3.1.6 Lithium metal 99%min Delivered D/A 180 days 11
3.1.7 Lithium metal 99.9%min Delivered D/A 180 days 12
3.1.8 LCO Co 60%min Delivered D/A 180 days 13
3.1.9 LNCMO 523/622 Delivered D/A 180 days 14
3.1.10 LMO 58%min Delivered D/A 180 days 16
3.1.11 Chinese LFP Delivered D/A 180 days 17
3.2 International Market Movements 18
3.2.1 Spodumene 6%min CIF China 18
3.2.2 Lithium carbonate 99.5%min CIF China 18
3.2.3 Lithium carbonate 99.5%min Delivered Europe 19
3.2.5 Lithium carbonate 99.5%min FOB South America 21
3.2.6 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max FOB China 22
3.2.7 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max Delivered South Korea 23
4. Company Review 24
4.1.1 Sunresin secures 10,000t lithium carbonate EPC purchase project from Jinhai Lithium (Qinghai) 24
4.1.2 Youngy's JV subsidiary starts trial operation of 20,000tpy lithium salt project 24
4.1.3 BYD's new energy auto sales up by 218.3% YOY in 2021 25
4.1.4 Daqo New Energy to increase capital of Inner Mongolia Daqo with RMB9.999 billion 25
4.1.5 Geely Automobile's car sales up by 1% YOY in 2021 25
4.1.6 GMW's auto sales up by 15% YOY in 2021 25
4.1.7 JAC's auto sales up by 15.63% YoY in 2021 25
4.1.8 Fulin P.M. 50,000tpy LFP cathode materials project at Shehong Base begins production 25
4.1.9 Great Power's 20GWh battery project breaks ground 25
4.1.10 Fengyuan Chemical to raise up to RMB940 million for LFP cathode materials project 25
4.1.11 EVE Energy to directly hold 49% shares of Xinghua Lithium Salt 25
4.1.12 Guangdong builds 1,467 NEV battery recycling facilities in 2021 25
4.1.13 EVE Energy signs strategic cooperation agreement with Sunresin for deep cooperation in lithium resource industry chain 25
4.1.14 LB Group to invest in 150ktpa electronic grade LFP project 26
4.1.15 DMEGC to invest in 6GWh high-performance Li-battery project 26
4.1.16 Yongxing Materials to partner CATL on lithium carbonate project 26
4.1.17 BTR's 200,000tpy lithium battery anode material integrated base project settles in Dali, Yunnan 26
4.1.18 Zhongke Electric to invest in building 100,000tpy anode material powder production base project 26
4.1.19 Do-Fluoride Chemicals to sell 35,000-40,000t of LiPF6 in 2022 26
4.1.20 Ganfeng Lithium stage-two 10GWh Li-battery project goes into operation 26
4.1.21 Zangge Mining plans to build million-ton lithium carbonate reserve brine lake projects in three years 26
4.1.22 Lomon Billions's phase one project of 100,000tpy artificial graphite anode material used in lithium battery ready for production 27
4.1.23 Hezong Science & Technology's sub-subsidiary to invest in building 300,000tpy battery grade iron phosphate integrated project 27
4.1.24 DFD plans to build 35,000 tons of LiPF6 production capacity in 2022 27
4.1.25 Chengxin Lithium to introduce BYD as strategic investor 27
4.1.26 Energy New Materials expects to form annual Li-battery separation film production capacity of 7 billion square meters by late 2022 27
4.1.27 Zhejiang Tanyi New Energy to build 50,000tpy lithium battery artificial graphite negative material project 27
4.1.28 Farasis Energy plans to build 30GWhpy new energy battery project in Ganzhou 27
4.1.29 Capchem to invest USD245 million in building projects for lithium-ion battery electrolyte and others 27
4.1.30 BYD has existing 5,000tpy battery grade lithium carbonate production capacity 27
4.1.31 BYD's battery installment in Jan-Jul up by 225.25% YOY 28
4.1.32 Tianneng Group starts to build comprehensive utilization project of 10kt waste battery recycling 28
4.1.33 Ganfeng Lithium's subsidiary completes acquisition of an overseas lithium resources project 28
4.1.34 Sinoma Science & Technology starts building lithium battery separator project of 110 million square meters 28
4.1.35 SK Automation Technology's subsidiary to invest in NEV battery precision structural parts project 28
4.1.36 Bossco to invest RMB141 million in building wasted lithium battery resource comprehensive utilization project (phase one) 28
4.1.37 XTC New Energy to invest in 70,000tpy Li-ion battery cathode material project 28
4.1.38 Limin Group's subsidiary plans to invest in construction of new energy battery materials project 28
4.1.39 Dazhong Mining to invest RMB16 billion in building lithium projects in Linwu, Hunan 28
4.1.40 Chengxin Lithium to purchase spodumene products from DMCC 29
4.1.41 Yahua Group to purchase spodumene from Yahua Group 29
4.1.42 Dazhong Mining to invest another RMB520 million into Dazhonghe Mining 29
4.1.43 Huasheng Lithium Battery to invest RMB1.26 billion in building 200,000tpy lithium battery anode material project 29
4.1.44 Yongxing Materials' controlled subsidiary puts Li-ion battery project into operation 29
4.1.45 EVE-Linyang puts first production line of 10GWh energy storage battery project into operation 29
4.1.46 Yongtai Technology: Subsidiary's 150,000tpy electrolyte project goes into pilot operation 29
4.1.47 Bosellis' 20ktpy lithium battery silicon anode project goes into operation in Lujiang 29
4.1.48 Chengxin Lithium to take part in bidding on equity of Snowway Mining 29
4.1.49 Corun: Jinfeng Lithium to invest RMB350 million to acquire 70% shares of Donglian Mineral Product 29
4.1.50 Hunan aims for over 40GW of installed new energy power capacity by 2030 30
4.1.51 Wanshun New Material's sub-subsidiary signs Li-battery aluminum foil supply agreement with CATL 30
4.1.52 TA&A Ultra Clean: Tianyi Lithium to take part in bidding on Snowway equity 30
4.1.53 PRET's subsidiary to build 1.3GWhpy battery capacity expansion project 30
4.1.54 Yichun Gotion Mining again obtains lithium deposit mining right 30
4.1.55 Anda Energy Technology signs 200ktpy LFP project investment agreement 30
5. Producers Statistics 30
5.1 Lithium carbonate producers statistics 30
5.1.2 Operating rates of lithium carbonate producers 31
5.1.3 Output of lithium carbonate producers 32
5.1.4 Stocks of lithium carbonate producers 32
5.2 Lithium hydroxide producers statistics 33
5.2.2 Operating rates of lithium hydroxide producers 33
5.2.3 Output of lithium hydroxide producers 34
5.2.4 Stocks of lithium hydroxide 34
5.3 LCO producers statistics 35
5.3.2 Operating rates of LCO producers 35
5.3.3 Output of LCO producers 35
5.3.4 Stocks of LCO producers 36
5.4 LNCMO producers statistics 36
5.4.1 Production capacity of LNCMO producers 36
5.4.2 Operating rates of LNCMO producers 37
5.4.3 Output of LNCMO producers 37
5.4.4 Stocks of LNCMO producers 38
6. Customs Statistics 38
6.1 China's lithium carbonate imports up by 54.56% YOY in 2022 38
6.2 China's lithium hydroxide exports up by 14.93% YOY in 2022 39
6.3 China's lithium carbonate exports up by 19.96% YOY in 2022 39
7. Market outlook for 2023 39
7.1 Lithium carbonate 99%min 39
7.2 Lithium carbonate 99.5%min 39
7.3 Lithium hydroxide 56.5%min 40
7.4 Lithium hydroxide 56.5%min, magnetic substance 0.0001%max 40
7.5 Lithium chloride 99.3%min 40
7.6 Lithium metal 99%min 40
7.7 Lithium metal 99.9%min 40
7.8 LCO Co 60%min 40
7.9 LNCMO 40
7.10 LMO 50%min 40
7.11 LFP 3.9%min 40
7.12 Spodumene 6%min 40
1.1 Definition 4
1.2 Type 4
1.3 Distribution 4
1.4. Application 4
2. Economy and Policy 5
2.1 Chinese economy and policy 5
2.1.1 MOF: Over RMB1 trillion deducted from due taxes and fees in 2021 5
2.1.2 Four ministries: Subsidy standard for NEV in 2022 to decline by 30% on basis of 2021 5
2.1.3 CAAM: China's NEV sales in 2021 up by 1.6 times YOY 5
2.1.4 MIIT pushes to speed up lithium development in China 5
2.1.5 MIIT: to moderately speed up domestic lithium and nickel development 5
2.1.6 BYD's NEV sales reach 88,300 units in Feb 5
2.1.7 CPCA: China's NEV retail sales up by 180.5% YOY in Feb 5
2.1.8 MEE launches six-batch of second-round central environmental inspection 5
2.1.9 GAC: New energy vehicle sales in June rise by 173% YoY 6
2.1.10 CPCA: China's passenger car retail sales increase by 22.6% YoY in Jun 6
2.1.11 Hainan plans to increase installed PV capacity by 4GW by 2025 6
2.1.12 Hunan aims for over 40GW of installed new energy power capacity by 2030 6
2.1.13 CPCA: China's NEV power battery installation up by 92.3% YoY in Jan-Nov 6
3. Market Movement 6
3.1 Chinese Market Movements 6
3.1.1 Lithium carbonate 99%min Delivered D/P 6
3.1.2 Lithium carbonate 99.5%min Delivered D/A 180 days 7
3.1.3 Lithium hydroxide monohydrate 56.5%min Delivered D/A 180 days 8
3.1.4 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max Delivered D/A 180 days 9
3.1.5 Lithium chloride 99.3%min delivered China 10
3.1.6 Lithium metal 99%min Delivered D/A 180 days 11
3.1.7 Lithium metal 99.9%min Delivered D/A 180 days 12
3.1.8 LCO Co 60%min Delivered D/A 180 days 13
3.1.9 LNCMO 523/622 Delivered D/A 180 days 14
3.1.10 LMO 58%min Delivered D/A 180 days 16
3.1.11 Chinese LFP Delivered D/A 180 days 17
3.2 International Market Movements 18
3.2.1 Spodumene 6%min CIF China 18
3.2.2 Lithium carbonate 99.5%min CIF China 18
3.2.3 Lithium carbonate 99.5%min Delivered Europe 19
3.2.5 Lithium carbonate 99.5%min FOB South America 21
3.2.6 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max FOB China 22
3.2.7 Lithium hydroxide monohydrate 56.5%min, magnetic substance 0.0001%max Delivered South Korea 23
4. Company Review 24
4.1.1 Sunresin secures 10,000t lithium carbonate EPC purchase project from Jinhai Lithium (Qinghai) 24
4.1.2 Youngy's JV subsidiary starts trial operation of 20,000tpy lithium salt project 24
4.1.3 BYD's new energy auto sales up by 218.3% YOY in 2021 25
4.1.4 Daqo New Energy to increase capital of Inner Mongolia Daqo with RMB9.999 billion 25
4.1.5 Geely Automobile's car sales up by 1% YOY in 2021 25
4.1.6 GMW's auto sales up by 15% YOY in 2021 25
4.1.7 JAC's auto sales up by 15.63% YoY in 2021 25
4.1.8 Fulin P.M. 50,000tpy LFP cathode materials project at Shehong Base begins production 25
4.1.9 Great Power's 20GWh battery project breaks ground 25
4.1.10 Fengyuan Chemical to raise up to RMB940 million for LFP cathode materials project 25
4.1.11 EVE Energy to directly hold 49% shares of Xinghua Lithium Salt 25
4.1.12 Guangdong builds 1,467 NEV battery recycling facilities in 2021 25
4.1.13 EVE Energy signs strategic cooperation agreement with Sunresin for deep cooperation in lithium resource industry chain 25
4.1.14 LB Group to invest in 150ktpa electronic grade LFP project 26
4.1.15 DMEGC to invest in 6GWh high-performance Li-battery project 26
4.1.16 Yongxing Materials to partner CATL on lithium carbonate project 26
4.1.17 BTR's 200,000tpy lithium battery anode material integrated base project settles in Dali, Yunnan 26
4.1.18 Zhongke Electric to invest in building 100,000tpy anode material powder production base project 26
4.1.19 Do-Fluoride Chemicals to sell 35,000-40,000t of LiPF6 in 2022 26
4.1.20 Ganfeng Lithium stage-two 10GWh Li-battery project goes into operation 26
4.1.21 Zangge Mining plans to build million-ton lithium carbonate reserve brine lake projects in three years 26
4.1.22 Lomon Billions's phase one project of 100,000tpy artificial graphite anode material used in lithium battery ready for production 27
4.1.23 Hezong Science & Technology's sub-subsidiary to invest in building 300,000tpy battery grade iron phosphate integrated project 27
4.1.24 DFD plans to build 35,000 tons of LiPF6 production capacity in 2022 27
4.1.25 Chengxin Lithium to introduce BYD as strategic investor 27
4.1.26 Energy New Materials expects to form annual Li-battery separation film production capacity of 7 billion square meters by late 2022 27
4.1.27 Zhejiang Tanyi New Energy to build 50,000tpy lithium battery artificial graphite negative material project 27
4.1.28 Farasis Energy plans to build 30GWhpy new energy battery project in Ganzhou 27
4.1.29 Capchem to invest USD245 million in building projects for lithium-ion battery electrolyte and others 27
4.1.30 BYD has existing 5,000tpy battery grade lithium carbonate production capacity 27
4.1.31 BYD's battery installment in Jan-Jul up by 225.25% YOY 28
4.1.32 Tianneng Group starts to build comprehensive utilization project of 10kt waste battery recycling 28
4.1.33 Ganfeng Lithium's subsidiary completes acquisition of an overseas lithium resources project 28
4.1.34 Sinoma Science & Technology starts building lithium battery separator project of 110 million square meters 28
4.1.35 SK Automation Technology's subsidiary to invest in NEV battery precision structural parts project 28
4.1.36 Bossco to invest RMB141 million in building wasted lithium battery resource comprehensive utilization project (phase one) 28
4.1.37 XTC New Energy to invest in 70,000tpy Li-ion battery cathode material project 28
4.1.38 Limin Group's subsidiary plans to invest in construction of new energy battery materials project 28
4.1.39 Dazhong Mining to invest RMB16 billion in building lithium projects in Linwu, Hunan 28
4.1.40 Chengxin Lithium to purchase spodumene products from DMCC 29
4.1.41 Yahua Group to purchase spodumene from Yahua Group 29
4.1.42 Dazhong Mining to invest another RMB520 million into Dazhonghe Mining 29
4.1.43 Huasheng Lithium Battery to invest RMB1.26 billion in building 200,000tpy lithium battery anode material project 29
4.1.44 Yongxing Materials' controlled subsidiary puts Li-ion battery project into operation 29
4.1.45 EVE-Linyang puts first production line of 10GWh energy storage battery project into operation 29
4.1.46 Yongtai Technology: Subsidiary's 150,000tpy electrolyte project goes into pilot operation 29
4.1.47 Bosellis' 20ktpy lithium battery silicon anode project goes into operation in Lujiang 29
4.1.48 Chengxin Lithium to take part in bidding on equity of Snowway Mining 29
4.1.49 Corun: Jinfeng Lithium to invest RMB350 million to acquire 70% shares of Donglian Mineral Product 29
4.1.50 Hunan aims for over 40GW of installed new energy power capacity by 2030 30
4.1.51 Wanshun New Material's sub-subsidiary signs Li-battery aluminum foil supply agreement with CATL 30
4.1.52 TA&A Ultra Clean: Tianyi Lithium to take part in bidding on Snowway equity 30
4.1.53 PRET's subsidiary to build 1.3GWhpy battery capacity expansion project 30
4.1.54 Yichun Gotion Mining again obtains lithium deposit mining right 30
4.1.55 Anda Energy Technology signs 200ktpy LFP project investment agreement 30
5. Producers Statistics 30
5.1 Lithium carbonate producers statistics 30
5.1.2 Operating rates of lithium carbonate producers 31
5.1.3 Output of lithium carbonate producers 32
5.1.4 Stocks of lithium carbonate producers 32
5.2 Lithium hydroxide producers statistics 33
5.2.2 Operating rates of lithium hydroxide producers 33
5.2.3 Output of lithium hydroxide producers 34
5.2.4 Stocks of lithium hydroxide 34
5.3 LCO producers statistics 35
5.3.2 Operating rates of LCO producers 35
5.3.3 Output of LCO producers 35
5.3.4 Stocks of LCO producers 36
5.4 LNCMO producers statistics 36
5.4.1 Production capacity of LNCMO producers 36
5.4.2 Operating rates of LNCMO producers 37
5.4.3 Output of LNCMO producers 37
5.4.4 Stocks of LNCMO producers 38
6. Customs Statistics 38
6.1 China's lithium carbonate imports up by 54.56% YOY in 2022 38
6.2 China's lithium hydroxide exports up by 14.93% YOY in 2022 39
6.3 China's lithium carbonate exports up by 19.96% YOY in 2022 39
7. Market outlook for 2023 39
7.1 Lithium carbonate 99%min 39
7.2 Lithium carbonate 99.5%min 39
7.3 Lithium hydroxide 56.5%min 40
7.4 Lithium hydroxide 56.5%min, magnetic substance 0.0001%max 40
7.5 Lithium chloride 99.3%min 40
7.6 Lithium metal 99%min 40
7.7 Lithium metal 99.9%min 40
7.8 LCO Co 60%min 40
7.9 LNCMO 40
7.10 LMO 50%min 40
7.11 LFP 3.9%min 40
7.12 Spodumene 6%min 40
