TOP 10 lithium salt companies in China

Top 10 Lithium salt enterprises in China

Looking at the price of battery-grade lithium carbonate in China in the past year, it has continued to rise in the first and second quarters and has stood at the 90,000 RMB/ton mark.
 
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The price of lithium carbonate will rise fiercely in 2021, and the profits of lithium salt companies will be considerable. Therefore, the price of lithium ion battery packs is also rising.

Since September, lithium carbonate has started a new round of price increases, with the unit price from 100,000 RMB/ton. ton jumped to 280,000 RMB/ton at the end of December.

Since the beginning of this year, the China battery-grade lithium carbonate has grown even more sharply. At present, the average price has broken through the 500,000 RMB/ton mark, and the supply is still in short supply.

Price trend of lithium carbonate made in China

The price of lithium carbonate has soared, and a large number of lithium salt companies have increased their revenue and profits significantly.

Recently, lithium salt-related listed companies have actively disclosed the operating data for January-February 2022, sending a positive signal to the market.

Tianqi Lithium Industry said that from January to February 2022, the company’s lithium concentrate production increased by about 39% year-on-year, and its sales volume increased by about 56% year-on-year.

It is expected that the operating income of lithium concentrate will increase by about 366% year-on-year. Operating income from lithium compounds and their derivatives increased by approximately 492% year-on-year.

Ganfeng Lithium announced that from January to February 2022, the company will achieve revenue of about RMB 3.6 billion, a year-on-year increase of 260%; net profit will be about RMB 1.4 billion, a year-on-year increase of 300%.

Up to now, Ganfeng Lithium Industry, Salt Lake, Yahua Group, Zangge Lithium Industry, Tianqi Lithium Industry, Tianhua Ultra Clean, Yongxing Materials, Shengxin Lithium Energy, Tibet Everest, China Mining Resources, Jiangte Electric , Rongjie shares and other lithium salt listed companies have disclosed their 2021 performance reports and performance forecasts. This can also give a glimpse of the popularity of the lithium salt market.

Among them, Chengxin Lithium Energy, Tibet summit, and Jiangte Motor’s net profit increased by more than 20 times year-on-year. Tianqi Lithium Industry has turned its losses into profits and is expected to achieve a net profit of 1.8 billion to 2.4 billion. The net profit growth of the remaining lithium salt listed companies is more than 100%.

Top 10 Lithium salt enterprises in China

Ganfeng

Ganfeng is one of TOP 10 lithium salt enterprises in China

Company profile:
Ganfeng was established in March 2000 and is headquartered in the “National High-tech Industrial Park” in Xinyu City, Jiangxi Province. The current registered capital is 150 million yuan. Ganfeng lithium business runs through upstream lithium resource development, midstream lithium salt deep processing and metal lithium smelting, downstream lithium The products are widely used in electric vehicles, energy storage, 3C products, chemicals and pharmaceuticals in various important links of the value chain such as battery manufacturing and comprehensive recycling of waste batteries.

Ganfeng Lithium currently produces 43,000 tons of lithium carbonate annually, of which 15,000 tons are used to produce lithium hydroxide; the total production capacity of lithium hydroxide is 81,000 tons, limited by back-end supporting products, the current effective production capacity is about 70,000 tons. Argentina Cauchari- The Olaroz Salt Lake Project is scheduled to be put into operation in the second half of this year.

Total market value: 184.429 billion RMB

Company website:www.ganfenglithium.com

Salt Lake

Salt lake is one of TOP 10 lithium salt enterprises in China

Company profile:
QingHai Salt Lake Industry Co.,Ltd is a large provincial listed state-owned enterprise managed by Qinghai State-owned Assets Supervision and Administration Commission. The company is located in Golmud City, Qinghai Province, which is currently the largest potash fertilizer industrial production base in China.

The company’s registered capital is 5.433 billion yuan and the total assets are 22.643 billion yuan. The company’s leading product, “Yanqiao” brand potash fertilizer is an important agricultural product in China. The potash fertilizer ranks first in the country in the fertilizer industry, accounting for China’s potash fertilizer production and potash fertilizer sales. The net profit in 2021 will be 4.268 billion yuan, a year-on-year increase of 109.27%.

Total market value: 161.900 billion RMB

Company website: www.qhyhgf.com

YaHua

Yahua is one of TOP 10 lithium salt enterprises in China

Company profile:
YaHua was founded in 1952. Yahua Group has two main businesses: lithium industry and civil explosives. Yahua Lithium Industry specializes in the research and development, manufacturing, sales and trade of lithium salt products. Now it has a comprehensive production capacity of 43,000 tons of lithium salt products. It is one of the main suppliers of lithium salt products in the world.

In 2021, the construction of a project with an annual output of 50,000 tons of battery-grade lithium hydroxide, 11,000 tons of lithium chloride and its products has been launched. After the completion of the project, the comprehensive production capacity of Yahua Lithium Industry will exceed 100,000 tons. Yahua Lithium’s various products are widely used in battery, metallurgy, petrochemical and other industries.

Total market value: 35.522 billion RMB

Company website: www.scyahua.com

ZANGGE

Zangge is one of TOP 10 lithium salt enterprises in China

Company profile:
Golmud Zangge Lithium Industry Co., Ltd. was established in September 2017. It is a wholly-owned subsidiary of Zangge Potash Fertilizer. The company is headquartered at No. 15-02 Kunlun South Road, Golmud City, Qinghai Province, with a registered capital of 500 million yuan.

Mainly engaged in the production, sales and technical consultation of battery-grade lithium carbonate. On February 25, the potassium chloride production line of Golmud Zangge Potash Fertilizer Co., Ltd. was started safely and smoothly, and successfully resumed work and production 10 days earlier than the original plan.

Company website:https://www.zanggekuangye.com/

TIANQI

Tianqi is one of TOP 10 lithium salt enterprises in China

Company profile:
Sichuan Tianqi Shenghe Lithium Industry Co., Ltd. was established on November 4, 2008, located in Yajiang County, Ganzi Prefecture. The company’s business covers key stages of the lithium industry chain, including the development of hard rock-type lithium ore resources, the processing and sales of lithium concentrates, and the production and sales of lithium chemical products.

The company is committed to the research and development, production and sales of lithium series products. The main products are battery-grade lithium carbonate, industrial-grade lithium carbonate, battery-grade anhydrous lithium chloride, industrial-grade anhydrous lithium chloride, battery-grade lithium hydroxide and metal lithium. Wait. Net profit in 2021 is 1.8-2.4 billion RMB.

Total market value: 124.638 billion RMB

Company website:www.tianqilithium.com

Canmax

Canmax is one of TOP 10 lithium salt enterprises in China

Company profile:
Founded in November 1997, Canmax is headquartered in China-Singapore Suzhou Industrial Park, which is well-known as the “Nine Technological Emerging Cities in the World”. Jiangsu Enterprise Academician Workstation” and “Jiangsu Anti-static Ultra-clean Engineering Technology Research Center”.

establish China’s first-class R&D and production base, introduce advanced professional production equipment and a full set of testing equipment from the United States, Europe and Japan, and establish China’s advanced The complete testing center and Class10 high-tech dust-free cleaning center strongly guarantee the superior technology and quality.

Total market value: 44.998 billion RMB

Company website:www.canmax.com.cn

Yongxing

Yongxing is one of TOP 10 lithium salt enterprises in China

Company profile:

Yongxing was established in July 2000. The company is located in South Taihu New District, Huzhou City, China. Yongxing Materials is committed to creating a dual main business development pattern of “new materials + new energy”. The company specializes in the research and development and production of high-quality stainless steel rods and wires, special alloy materials and lithium battery materials.

Products are mainly used in high-end equipment manufacturing, new energy vehicles and energy storage and other fields. It has 70 patents, including 21 invention patents and 49 utility model patents, and has led or participated in the formulation and revision of 15 national standards.

Total market value: 50.723 billion RMB

Company website:www.yongxingbxg.com

Chengxin

Chengxin is one of TOP 10 lithium salt enterprises in China

Company profile:

Shengxin Lithium Energy Group Co., Ltd. was established on December 29, 2001, headquartered in AVIC Center, Futian District, Shenzhen City, Guangdong Province, China, with a registered capital of 865.35 million yuan. Listed on May 23, 2008.

The company’s main business is the production and sales of new energy lithium battery materials. The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal. Products are mainly used in lithium-ion battery cathode materials, energy storage, petrochemical, pharmaceutical and other fields.

At the end of September 2020, the company completed the sale of the controlling stake in the wood-based panel business subsidiary, and at the end of May 2021, the company completed the sale of the rare earth business, and the company will focus on the development of new energy materials business.

Total market value: 47.257 billion RMB

Company website:www.cxlithium.com

Tibet Summit

Tibet summit is one of TOP 10 lithium salt enterprises in China

Company profile:
The company was established on November 30, 1998, and was listed on the Shanghai Stock Exchange on December 27, 2000. It is the seventh listed company in China’s Tibet region. It mainly produces high-end large-displacement motorcycles, and occupies a certain share in China’s mid-to-high-end motorcycle market. market share.

The two projects are the Lithium Potassium Argentina Lithium Potassium Co., Ltd. with an annual output of 50,000 tons of lithium carbonate salt lake lithium extraction project and its joint operation of the UT project to expand the production capacity to 5,000 tons of lithium carbonate per year.

Total market value: 26.768 billion RMB

Company website:www.xizangzhufeng.com

Sinomine

Sinomine is one of TOP 10 lithium salt enterprises in China

Company profile:
Founded in 1999, China Mining Resources Group Co., Ltd. originated from the former China National Nonferrous Metals Industry Corporation. It is a mining group enterprise with the entire industrial chain of mineral resources. The main business is: rare light metal (lithium, cesium, rubidium) resource development and utilization, solid mineral exploration technical services and mineral rights development.

The company is the world’s largest producer and supplier of cesium and rubidium products, the main producer and supplier of battery-grade lithium fluoride in China, the only producer and supplier of cesium formate in the world, and an important supplier of solid mineral geological exploration technical services in the world. business. Recently, China Mining Resources Group acquired the Bikita lithium mining rights in Zimbabwe.

Total market value: 31.356 billion RMB

Company website:www.sinomine.cn

Data show that China’s lithium carbonate output in 2021 will be 205,200 tons, a year-on-year increase of 49%; lithium hydroxide’s annual output in 2021 will be 163,400 tons, a year-on-year increase of 60%.

The industry expects that the global sales of new energy vehicles will exceed 10 million in 2022, the demand for power batteries will grow rapidly, and the supply of lithium salt industry will maintain a tight balance. At the same time, the new production capacity of lithium salt is relatively rigid, the supply and demand structure is obviously tight, and the price of lithium carbonate will remain high and stable.

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