Where does Kawnen Power built a 30,000 -ton lithium concentrate with a market value battery enterpri

In the evening of this (June 13), Sichuan Neng Power (SZ000155, the stock price of 22.37 yuan, and a market value of 33.02 billion yuan) disclosed an announcement that made investors pay attention to. Encyclopedia), honeycomb energy, the two major battery companies, set up a joint venture, planned to build a 30,000 -ton lithium salt plant.

This is undoubtedly a large investment. From the perspective of the management structure and equity structure of the joint venture, Chuanneng's power is still the leading force. However, according to the "Daily Economic News" reporter's estimation, 30,000 tons of lithium salt need 1.44 million tons to 1.89 million tons of raw ore. At present, the Sichuan Neng Power Lijiagou Sanpi Mine is 1.05 million tons/year. How to solve the problem of concentrate sources of joint ventures?

In the announcement, Chuanneng Power also mentioned that the project raw materials are mainly lithium concentrates, and there is a gap in the supply of raw materials. At present, domestic lithium concentrates mainly depend on imports.

One of the partners was the target of additional issuance

This evening, Chuanneng Power disclosed that the company decided to jointly form a joint venture with Yiyi Lithium Energy and Honeycomb Energy Technology Co., Ltd. (hereinafter referred to as "Honeycomb Energy") to invest in construction of 30,000 tons/year lithium salt project. The registered capital of the new joint venture is 750 million yuan, of which Chuanneng Power contributed 383 million yuan, and the shareholding ratio was 51%. It was the controlling shareholder of the joint venture company. Energy contribution is 184 million yuan, and the shareholding ratio is 24.5%.

Image source: Announcement Screenshot

The joint venture company is tentatively named Sichuan Neng Dejun Aya Lithium Industry Co., Ltd., and the company is registered with Deyang -Aba Ecological Economic Industrial Park, with an annual output of 30,000 tons of lithium salt projects. The project construction content is the investment and construction of 30,000 tons of lithium salt production devices and supporting facilities. Among them, it is planned to invest in the construction of 15,000 tons of battery -grade lithium hydroxide and annual output of 15,000 tons of battery -level lithium carbonate. The total investment of the project is 1.49 billion yuan, of which the shareholders of the joint venture company invested 750 million yuan in registered capital; the remaining funds were resolved by the joint venture company through bank credit. The project construction period is 2 years.

Judging from the seat of the board of directors of the joint venture company, Chuanneng Power appointed three directors (including chairman), Yimei Lithium Energy appointed one director, and hive energy appointed one director. The chairman is appointed and recommended by Kawanneng Power.

Chuan Neng's motivation said that this investment aims to use and use the capital and resource advantages of all parties to deepen cooperation in the field of lithium battery industry to achieve resource sharing and income sharing.

However, the cooperation between Kawako Power and Hive Energy is not without signs. Chuanneng Power completed the additional issuance earlier this year. Earlier, the reporter of "Daily Economic News" asked at the annual shareholders meeting of Kawanne Power and whether battery companies such as honeycomb energy had further cooperation with listed companies. The announcement will be announced. "

It is worth mentioning that honeycomb energy has also increased its investment in Sichuan this year. On June 10, Honeycomb Energy Technology Co., Ltd. and Dazhou Municipal People's Government and Dazhou High -tech Industrial Park Management Committee officially signed the "Investment Agreement for the Honeycomb Dazhou Lithium Electricity Zero Carbon Industrial Park Project Investment Agreement" in Chengdu. According to the agreement, honeycomb energy will invest in the construction of the Honeycomb Dazhou Lithium Electric Park, with a total investment of 17 billion yuan.

Yiwei Lithium is a battery company with a market value of over 100 billion yuan, and the cooperation with Kawakane Power surprises investors.

Can lithium ore capacity support the project?

However, it should be noted that the joint venture company has enough raw ore to support the production capacity of 30,000 tons of lithium salt?

According to the conversion formula of raw ore to lithium salt, generally 6 to 7 tons of raw ore produced one ton of lithium concentrate, and 1 tons of lithium carbonate can be processed by about 8-9 tons of lithium concentrate according to the industry average. After pushing back, 30,000 tons of lithium salt is equivalent to 240,000 tons to 270,000 tons of lithium concentrate, corresponding to 1.44 million tons to 1.89 million tons of raw ore.

The demand for this original mine exceeds the ability of Lijiagou's Lijiagou mines under the power of Chuanneng Power. Chuan Neng Power focuses on the production progress of lithium ore construction in the 2022 annual operating plan, promoting Lijiagou lithium lithium lithium lithium The 105 million tons/year -old selection project of Pigal Plaigism is completed and put into operation as soon as possible. The 1.05 million tons/year selection project corresponds to the annual lithium concentrate that may be less than 180,000 tons.

In the announcement, Chuanneng Power also mentioned the risk of fluctuations and supply of raw materials and insufficient supply. The raw materials of the project are mainly lithium concentrates, and there are gaps in the supply of raw materials, and at present, domestic lithium concentrates mainly depend on imports, and there is a risk of solving the source of lithium ore raw materials.

"Daily Economic News" reporter noticed that the cooperation between Chuanneng Power and battery companies is also in line with a trend of this year's new energy industry -upstream mining companies and downstream battery companies are bundled and deepened.

In early May, Tianqi Lithium Industry and domestic battery head enterprise China Innovation Airlines Technology Co., Ltd. signed a strategic cooperation agreement. On the evening of May 20, Tianqi Lithium announced the "Cooperation Agreement" with Beijing Weilian New Energy Technology Co., Ltd., which was a domestic enterprise engaged in solid battery research and development.

Daily Economic News

- END -