Jiangte Motor's New Energy Vehicle Business Is On The Right Track, And Lithium Carbonate Preparation Has Been Successful.

- Dec 01, 2018-

Jiangte Motor's new energy vehicle business is on the right track, and lithium carbonate preparation has been successful.

About the lithium industry

Jiangte Motor has a relatively complete industrial chain from mining, mineral processing, lithium mica processing of lithium carbonate to cathode materials. In terms of resource reserves, the company has 5 mining rights, 8 exploration rights, rich reserves of lithium resources, good mining conditions, and associated resources. The prospective resources reserve exceeds 100 million tons. After processing, the ore has three products: feldspar powder, lithium mica and strontium.

Dressing

Subsidiary Taichang Mining has improved the process and technology, and the output of lithium mica grade can reach 4.0 or above. It provides a good raw material for the company's lithium mica to prepare lithium carbonate. The by-product feldspar powder is a high-quality glass ceramic raw material. Good; some sources of Taichang Mining's raw materials are purchased from 414 mines, some of which come from Xinfang Yankuang. The annual ore dressing capacity is about 600,000 tons, and the annual capacity of lithium mica is about 60,000 tons.

Mining and dressing

After the completion of the project, Jiangte Motor will become the company's largest mining and dressing base. It is expected to be completed by the end of this year and will be put into operation in the first quarter of next year. The annual mining and dressing design capacity is 1.2 million tons, which is the main source of future lithium-mica raw materials. The lithium mica grade produced by Yifeng Company is slightly lower than that of Taichang Lithium Mica. As the demand for downstream lithium mica increases, the company's mining and processing output will also increase. The rise of downstream lithium mica prices, the economic advantages of the company's lithium mica resources gradually become prominent, will become an important source of corporate profits.

Lithium carbonate processing

After the technical transformation was completed in recent months, it has been verified that the company's new process for the preparation of lithium carbonate from lithium mica has been successful. At present, the main task is to speed up the construction of new production lines, increase the production of lithium carbonate at the fastest speed, and ensure the stability of existing production lines. The company is using a lithium mica project with an annual output of 10,000 tons of lithium carbonate and a joint venture with spodumene to produce 10,000 tons of lithium carbonate and 5,000 tons of lithium hydroxide. The project is expected to be completed in the first half of next year. After construction, the company's lithium carbonate production capacity will reach 30,000 tons. At present, due to environmental factors and other policy factors have a certain impact on project construction, industrial production, etc., there are certain uncertainties in the company's production and production line construction.

At present, other enterprises in the preparation of lithium carbonate for lithium mica are also actively promoting. The demand for lithium mica raw materials is increasing, the price of lithium mica is also rising, and the production cost will increase as the price of raw materials rises.

About new energy vehicles

After the completion of the basic work such as product declaration in the first half of the year, the new energy vehicle gradually entered the right track in the second half of the year, especially in the fourth quarter, and gradually entered the peak season of production and sales. The performance of the new energy vehicle of Jiangte Motor was mainly released in the third and fourth quarters.


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