China issued new guidelines for its lithium-ion battery industry on Wednesday — a move aimed at tackling its rapid expansion and a plunge in prices due to overcapacity. The guidelines, issued by China''s Ministry of Industry and Information Technology, aim to ''guide'' lithium battery firms towards scaling back manufacturing ...
The suspension of the mine will reduce China’s monthly lithium carbonate output by 8%, or approximately 5,000 to 6,000 tons, according to UBS analysts. With reduced output from one of China’s largest mines, experts anticipate that lithium prices could stabilize, potentially offering relief to struggling producers.
China’s Ministry of Industry and Information Technology in June finalised revised guidelines for the country’s lithium-ion battery industry, which set higher standards for energy intensity, power density, cycle life and other battery specifications.
However, CATL’s recent shutdown in Jiangxi, China, stands out as one of the most significant closures to date. What led to this decision, and how has it impacted the global lithium industry? Jiangxi province, located in southeastern China, accounts for about 5% to 6% of the global lithium supply.
The asset holds vast amounts of lepidolite, a hard rock ore that is relatively expensive for producing lithium. The move will reduce China’s monthly lithium carbonate output by 8% and “will help rebalance the supply with demand,” UBS analysts led by Sky Han wrote in a note on Wednesday.
China’s two biggest lithium producers remained in the red nine months into the year as the battery-metal downturn continues to squeeze the industry. Tianqi Lithium Corp. and Ganfeng Lithium Group Co. both reported results Wednesday that highlight the challenges of producing the metal amid slumping prices and a supply glut.
The use of the lithium-bearing ore has surged in recent years, with output more than doubling to 114,500 tonnes of LCE over the past two years. (With files from Reuters) Market conditions have prompted CATL to adjust production, reducing China’s monthly lithium carbonate output by 8%.
China issued new guidelines for its lithium-ion battery industry on Wednesday — a move aimed at tackling its rapid expansion and a plunge in prices due to overcapacity. The guidelines, issued by China''s Ministry of Industry and Information Technology, aim to ''guide'' lithium battery firms towards scaling back manufacturing ...
BloombergNEF estimates that lithium-ion battery demand across EVs and stationary storage came in at around 950 gigawatt hours last year. Global battery manufacturing capacity was more than twice that, at close …
However, the cost of producing the battery material from lepidolite, a hard type of lithium ore, is too high analysts said. CATL told Reuters on Wednesday after Asia trading: Based on recent lithium carbonate market conditions, the company plans to make adjustments on lithium carbonate production in Yichun,
China''s lithium prices have been on a general downtrend in 2024, pressured by weak demand and oversupply. The latest battery-grade lithium carbonate prices have decreased by 40,000-45,000 yuan per tonne from the 2024 peak …
The global lithium-ion battery industry is dominated by China. Chinese companies supply 80 percent of the world''s battery cells and account for nearly 60 percent of the EV battery market. Even some US companies that …
But a 2022 analysis by the McKinsey Battery Insights team projects that the entire lithium-ion (Li-ion) battery chain, from mining through recycling, could grow by over 30 percent annually from 2022 to 2030, when it would reach a value of more than $400 billion and a market size of 4.7 TWh. 1 These estimates are based on recent data for Li-ion batteries for …
As companies adapt to challenges and disruptions in lithium supply, such as through battery recycling, they will still have to face the reality of China''s unipolarity in the Li-ion global economy. By 2030, China will continue producing twice as many batteries as every other country combine. Other nations can try to ramp up capacity, but they ...
But China isn''t producing nearly enough lithium to satisfy its domestic appetite—and besides, only about 10 percent of the material that goes into a battery is actually lithium. The country ...
China''s CATL, the world''s biggest maker of EV batteries, is considering whether to mothball a key lepidolite mine in the south-eastern Jiangxi province, as well as one of its three lithium...
China''s two biggest lithium producers remained in the red nine months into the year as the battery-metal downturn continues to squeeze the industry. Tianqi Lithium Corp. and Ganfeng...
China''s CATL, the world''s biggest maker of EV batteries, is considering whether to mothball a key lepidolite mine in the south-eastern Jiangxi province, as well as one of its …
The decision to stop mining lithium carbonate in Yichun, Jiangxi, will reduce China''s monthly production of the mineral by 8%, found a UBS analysis quoted by Blooomberg on 11 September. CATL later told Daily Economic News that the halt is likely to occur in October.
Chinese-controlled mines around the world will account for 705,000 tonnes of battery-grade processed lithium by 2025, from just 194,00 tonnes in 2022, UBS analysts estimate. This would give...
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The suspension of the mine will reduce China''s monthly lithium carbonate output by 8%, or approximately 5,000 to 6,000 tons, according to UBS analysts. With reduced output from one of China''s largest mines, experts …
"Recycling a lithium-ion battery consumes more energy and resources than producing a new battery, explaining why only a small amount of lithium-ion batteries are recycled," says Aqsa Nazir, a ...
The suspension of the mine will reduce China''s monthly lithium carbonate output by 8%, or approximately 5,000 to 6,000 tons, according to UBS analysts. With reduced output from one of China''s largest mines, experts anticipate that lithium prices could stabilize, potentially offering relief to struggling producers.
China''s two biggest lithium producers remained in the red nine months into the year as the battery-metal downturn continues to squeeze the industry. Tianqi Lithium Corp. and Ganfeng...
The company has a complete industrial chain of "fluorite – high – purity hydrofluoric acid-lithium fluoride – lithium hexafluorophosphate – lithium battery", and has the cost advantage of producing lithium hexafluorophosphate. …
Companies from battery makers and lithium miners to cathode and anode producers have suffered a profit decline because of falling battery prices, caused by an overexpansion in response to a...
Companies from battery makers and lithium miners to cathode and anode producers have suffered a profit decline because of falling battery prices, caused by an overexpansion in response to a...
Chinese-controlled mines around the world will account for 705,000 tonnes of battery-grade processed lithium by 2025, from just 194,00 tonnes in 2022, UBS analysts estimate. This would give...
The decision to stop mining lithium carbonate in Yichun, Jiangxi, will reduce China''s monthly production of the mineral by 8%, found a UBS analysis quoted by Blooomberg on 11 September. CATL later told Daily …
Dongguan Haoyi Electronic Technology Co., Ltd. Specializes in producing cylindrical lithium batteries and polymer lithium batteries! Research and development, production, and sales - one-stop service for battery cell products! Produce lithium battery packs, with multiple strings and customized options. Suitable for: Toy car batteries, fascia ...
China issued new guidelines for its lithium-ion battery industry on Wednesday — a move aimed at tackling its rapid expansion and a plunge in prices due to overcapacity. The guidelines, issued by China''s Ministry of …
China''s lithium prices have been on a general downtrend in 2024, pressured by weak demand and oversupply. The latest battery-grade lithium carbonate prices have decreased by 40,000-45,000 yuan per tonne …
The Biden administration has unveiled plans to exclude Chinese entities from receiving any of the generous tax credits available for investing in the U.S. electric vehicle (EV) supply chain.
La capitale asiatique du lithium s''arrête de produire des batteries à Yichun, par suite d''une enquête sur la pollution de la rivière Jin. Un coup d''arrêt à l''industrie chinoise qui fragilise la voiture électrique.
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