Many listed companies have deployed lithium iron manganese phosphate reserve capacity
Background introduction
It is known from the industry that compared with lithium iron phosphate, lithium iron manganese phosphate can increase the energy density of the battery by more than 15%, and has the characteristics of safety, low temperature resistance and low cost. Lithium iron manganese phosphate has formed a considerable market scale in the small power market, and is expected to be widely used in 3C digital, power market and other fields.
Some professional institutions predict that by 2030, the market share of lithium iron manganese phosphate will reach more than 30%. At present, China has a certain capacity of lithium iron manganese phosphate, and the lithium iron manganese phosphate batteries of many manufacturers have entered the stage of sample delivery and certification by car manufacturers. A number of listed companies are actively deploying lithium iron manganese phosphate business.
A cost-effective battery route
More “manganese” than lithium iron phosphate, will it be more fierce? Several industry experts said that lithium iron manganese phosphate can be regarded as a “combination” of the advantages of two battery routes of lithium iron phosphate and ternary materials. Industry professionals said that the biggest advantage of the lithium iron manganese phosphate battery route is its high cost performance.
At present, the two mainstream routes of lithium iron phosphate and ternary materials have their own advantages, and lithium iron manganese phosphate combines the advantages of both. On the one hand, its production cost is relatively low, its safety is high, and it has good low temperature resistance; on the other hand, its voltage platform is relatively high, and its energy density can be increased by 15% compared with lithium iron phosphate.
According to industry experts, lithium iron manganese phosphate has both the high voltage of lithium manganate and the high stability of lithium iron phosphate. If high manganese content, high compaction and high capacity lithium iron manganese phosphate is successfully developed, it will replace lithium iron phosphate.
RONBAY TECHNOLOGY said that in the future, pure lithium iron manganese phosphate products will replace medium and low nickel ternary materials, and have a wide range of applications in the medium and low-end power market and energy storage market. In addition to being used alone, lithium iron manganese phosphate can also be mixed with other positive electrode materials to improve battery performance.
According to experts, in the field of two-wheeled vehicles, the mixed use of lithium iron manganese phosphate, lithium manganate and ternary materials has been put into the market, and the route switching has been basically completed.
HAITONG INTERNATIONAL believes that the composite of lithium manganese iron phosphate and ternary 523, LCO and other materials can further integrate the advantages of materials, realize short-board complementarity, improve energy density, and corresponding production costs will also increase.
A-share companies are scrambling to deploy LMFP battery
As a battery route that has not yet achieved full industry chain certification and commercialization, lithium iron manganese phosphate is currently on the “eve” of mass production, and battery samples have entered the stage of testing and certification by car manufacturers. Listed companies are also stepping up their layout and expanding production capacity.
The staff of the EVE Securities Department told reporters that the company’s lithium iron manganese phosphate battery is in the sample delivery stage, and the subsidiary Jinquan New Material has a certain production capacity, and the specific progress is subject to the announcement.
HEZONG stated on the investor interaction platform on July 22 that the company has completed the pilot test of multi-type lithium iron manganese phosphate precursor products, and has begun to send samples to downstream new energy enterprises for testing.
The relevant person in charge of Gotion High-tech told reporters that lithium iron manganese phosphate is not the company’s main business, and the company has a patent layout, but the specific business application plan is not known yet.
Many leading cathode material manufacturers reserve the capacity of LMFP materials
RONBAY TECHNOLOGY announced on July 20 that it plans to use its own and self-raised funds to invest 389 million yuan in Skyland. After the transaction is completed, the company will hold a 68.25% stake in Skyland. RONBAY TECHNOLOGY said that the acquisition of Skyland is an important step in the company’s transformation to become a comprehensive supplier of cathode materials. If you want to know more about cathode materials, please read the articles Top 5 lithium iron phosphate cathode material companies in China in 2022 in our website.
The general manager of Skyland said that the Linfen Zhongbei New Material 10,000-ton lithium iron manganese phosphate production line under Skyland has been successfully put into operation. Through cooperation with RONBAY TECHNOLOGY, Skyland will be empowered in terms of capital, enterprise management, quality control, etc., which will enable the company to become bigger and stronger quickly and maintain its leading position in the industry.
EASPRING released 3 new cathode materials including lithium manganese iron phosphate on July 20, and introduced the product features and technological breakthroughs in detail. Some listed companies’ lithium iron manganese phosphate production lines are about to be put into production.
The relevant person in charge of Dynanonic told reporters that the company will have 110,000 tons of lithium iron manganese phosphate cathode materials put into production in the fourth quarter of this year. In addition, the production base project of a new phosphate-based cathode material with an annual output of 330,000 tons in Qujing, Yunnan disclosed by Dynanonic at the beginning of this year also has a capacity of lithium iron manganese phosphate. If you want to know detailed information about LMFP battery manufacturers, you can read the article Top 10 LMFP battery manufacturers in China in 2022 in our website.
When it comes to the mass production and commercialization process of lithium iron manganese phosphate batteries, industry professionals said that the certification of lithium iron manganese iron phosphate batteries should not take a long time. Perhaps in about half a year, lithium iron manganese phosphate will enter the commercialization stage. Experts said that the development of pure lithium iron manganese phosphate is progressing smoothly, and related products are expected to appear in the middle of next year.
Industry professionals predict that lithium iron manganese phosphate batteries can be mass-produced as soon as next year. After mass production, the industry may take 1 to 3 years to solve problems in practical applications, and then move towards maturity and large-scale commercialization.
Will manganese resources become the outlet?
As the lithium iron manganese phosphate stands on the “outlet”, the manganese element has also attracted the attention of the market. Many institutions believe that in the future, manganese will become the “fourth battery metal that cannot be ignored”.
According to statistics, each ton of lithium iron manganese phosphate contains about 330 kilograms of manganese raw materials. According to CITIC Securities, the raw material cost of lithium iron manganese phosphate is close to that of lithium iron phosphate, and the main difference is the change in the amount of manganese source required. Consulting firm Wood Mackenzie predicts that the use of manganese in batteries will increase fivefold by 2040.
According to industry professionals, lithium iron manganese phosphate has a general pulling effect on the demand for manganese, but there is a pulling effect on the demand for high-purity manganese carbonate and manganese oxide.
Industry experts believe that, unlike rare metals such as cobalt, manganese is a large and wide-ranging metal resource, and the lithium iron manganese phosphate route basically does not have a resource bottleneck problem.
