As the price of lithium carbonate continues to warm up, lithium recycling projects are also accelerating the preparation and construction. On June 7, Tianqi Shares said that recently, the company’s lithium battery cycle plate annual treatment of 50,000 tons of lithium iron phosphate battery environmental protection projects, the first batch of battery-grade lithium carbonate, battery-grade iron phosphate successfully offline, marking the lithium iron phosphate battery environmental protection project (Phase I) to achieve full line through production.
It is understood that the full component recovery technology of lithium iron phosphate battery independently developed by Tianqi lithium battery cycle team can fully extract and prepare battery-grade lithium carbonate and battery-grade iron phosphate to achieve full element recovery; The average recovery of lithium carbonate and iron phosphate can reach 95%. Among them, in the ternary lithium battery recycling process, the average recovery rate of cobalt and nickel is 98%, and the average recovery rate of lithium is 90%; In the lithium iron phosphate battery recycling process, the average recovery rate of lithium carbonate and iron phosphate can reach 95%, exceeding the industry average level.
In this regard, some industry insiders told the “Securities Daily” reporter that the first batch of battery-grade lithium carbonate and battery-grade iron phosphate of Tianqi shares will be successfully offline to further enhance the production capacity and market competitiveness of the company’s lithium battery cycle plate, and also inject impetus into the development of the entire battery industry chain.
In addition to Tianqi shares, the construction of lithium battery recovery projects of a number of listed companies has also entered the completion stage. In addition, the number of listed companies preparing for lithium battery recycling projects is also increasing. Taking Fangyuan Shares as an example, the company recently said at the performance presentation meeting that it is preparing to build a lithium iron phosphate integration project from battery recycling and disassembly to the production of lithium iron cathode materials, in order to give full play to the company’s technical advantages in the comprehensive utilization of non-ferrous metal resources and improve resource utilization efficiency. At present, the project has been reviewed and approved by the shareholders’ meeting, and the follow-up work is being promoted.
In the context of the recovery of lithium carbonate prices, in addition to the acceleration of the construction of recycling projects, recycling waste has also become a “must compete” for the company. shanghai metals market that as of June 7, the price of battery-grade lithium carbonate was 310,000 yuan/ton, up more than 70% from the low of 176,500 yuan/ton in mid-to-late April this year.
“Due to the recent slight increase in the price of lithium carbonate, the ternary recovery coefficient has also risen slightly.” Some industry insiders told the “Securities Daily” reporter that upstream traders because some raw materials are purchased at high prices in the early stage, the price sentiment is more obvious, and the market can be limited in circulation of waste, and the tight supply of waste has led to strong scrap prices.
In this context, Camel Shares recently said that on the basis of the advantages of low-voltage battery supply chain channels, the company has strengthened cooperation with new energy vehicle enterprises, local bus groups, battery materials and battery companies in the same industry, other battery traders and scrap car dismantling enterprises to lock waste power battery resources. The company noticed the sharp fluctuations in the price of lithium carbonate, and under the premise of locking downstream customer orders, recycled part of the ternary battery for recycling, effectively avoiding the risk of a sharp decline in the value of raw materials and inventories.
It is worth mentioning that a few days ago, the policy level has also released positive signals. On May 29, the Department of Energy Conservation and Comprehensive Utilization of the Ministry of Industry and Information Technology said that it will speed up the research and development of management methods for the recycling and utilization of power batteries for new energy vehicles, strengthen the management of industry norms, and continue to improve the recycling and utilization system of power batteries.
“At present, the power battery recycling market is small, scattered, chaotic and other industry chaos, and the safety risks are larger.” In the future, with the strengthening of supervision, small workshop enterprises with backward technology and weak funds will be phased out by the market, and a large number of used batteries will also flow to the industry ‘regular army’, reshaping the development pattern of the industry.” Longzhong Information analyst Jiang Lei told the Securities Daily reporter that in addition, the connection between the battery recycling industry and car companies will also be closer.