Mt Marion is obviously on priority as Ganfeng owns 50% of the mine.
Ganfeng told the research analysts last month, there is no change for offtake with AJM and PLS, for 2020, mainly sourcing spodumene concentrates from Mt Marion as obviously it currently has large running annual production capacity.
Ganfeng Lithium opens a new 50,000-ton capacity lithium hydroxide production line, which is expected to be completed and put into operation in 2020
Source: Zhitong Finance Network Time: 2019-12-16 10:11
Recently, Ganfeng Lithium held investor relations activities in the conference room on the fourth floor of its headquarters R & D building. Invesco Great Wall, Huaxia Fund, Changjiang Securities, Zhongtian Securities, Jingcong Asset, CRU, CITIC Securities, Shenzhen Hongshisheng Industrial, etc. Investors attended the meeting, and Mr. Li Yichuan, the company's securities affairs representative, was in charge of the reception. The main information revealed by this conference is as follows:
1. What is the company's current lithium salt capacity and layout?
The company currently has three lithium salt production bases: a basic lithium plant, a 10,000-ton lithium salt plant, and a lithium carbonate plant in Ningdu.
1) The current products of the basic lithium plant are mainly high-purity battery-grade lithium carbonate with an annual output of 8,000 tons;
2) The 10,000-ton lithium salt plant is the company's current main production base, with a capacity of 15,000 tons of lithium carbonate (commissioned in 2017); a capacity of 31,000 tons of lithium hydroxide (11,000 tons in the first phase, commissioned in 2014; 20,000 tons in the second phase, 2018 (Commissioning); At the same time, the company started the construction of a third-phase lithium hydroxide production line at a 10,000-ton lithium salt plant, with a designed capacity of 50,000 tons, which is expected to be completed and put into operation in 2020;
3) The company ’s lithium carbonate production line in Ningdu has a capacity of 17,500 tons, which will be completed and put into operation at the end of 2018.
2. What is the climbing rhythm of the company after the annual output of 50,000 tons of lithium hydroxide is put into operation?
After the company's annual output of 50,000 tons of lithium hydroxide is put into production, it is planned to use it for processing and production of lithium hydroxide. Under normal circumstances, the company generally takes about 3 months from test run to full production. Even if lithium carbonate is to be produced in the future, product switching can be completed. The company will reasonably arrange the output of products according to market demand.
3. The maintenance status of the company's production line every year?
The first fire method is a rotary kiln, and it needs to be shut down for about one month each year for maintenance. The latter wet method is checked for 2-3 days every month. The maintenance time is more flexible and can be adjusted according to the actual inventory situation during production.
4. How long does the company's new product certification cycle take?
Products of the company's new production capacity need to be certified step by step. The certification time for different levels is different, and the certification time of OEMs is generally longer. The company's new production capacity ramp-up and product certification are carried out simultaneously.
5. When will the company and Altura and Pilbara's spodumene underwriting negotiations take place next year?
The company's agreement with Altura and Pilbara has not changed, and expectations have not changed. Next year, the supply of the company's spodumene mine will still be RIM.
6. Does the company have a new financing plan in the near future?
Recently, the company submitted an application for the administrative license for the public issuance of convertible corporate bonds to the China Securities Regulatory Commission. At present, the China Securities Regulatory Commission has accepted the company's application and needs the approval of the China Securities Regulatory Commission.
7, the company's progress in solid-state lithium batteries?
The company's solid-state lithium battery pilot line is undergoing stand-alone debugging. Currently, it is actively docking with downstream car companies and sending samples for testing. Investors are kindly requested to wait patiently and follow the company's official announcement.
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