With an investment of nearly 1.3 billion yuan, the first phase of Jinpu Titanium's lithium battery material project will start construction in September

After a lapse of two months, Jinpu Titanium Industry (00054SZ) 10 billion lithium battery project has made new progre.
On the evening of May 29, Jinpu Titanium announced that it will invest about 28 billion yuan to build the first phase of the new energy battery material integration proje.
The project is located in the new coal chemical synthetic material base in Huaibei City, Anhui Provin.
The project plans to build a 100,000-ton/year iron phosphate and 300,000-ton/year sulfuric acid sand-to-sulfuric acid plant, which is expected to start in September and be completed by the end of next ye.
Iron phosphate is one of the raw materials of lithium iron phospha.
Jinpu Titanium Industry's new energy battery material integration project was officially announced in March this year, with a planned total investment of 10 billion yuan, and will build an annual output of 200,000 tons of battery-grade iron phosphate and 200,000 tons of lithium iron phospha.
The project is planned to be constructed in three phases, with the second and third phases starting in June 2024 and March 2026, respective.
Affected by the above news, the stock price of Jinpu Titanium rose by more than 5% at the opening on May 3 As of the close of noon, the share price of Jinpu Titanium was 95 yuan per share, up 8
The main business of Jinpu Titanium Industry is titanium dioxide, with a total production capacity of about 150,000 tons, ranking the forefront of the indust.
Titanium dioxide is an important inorganic chemical pigment, and its downstream applications include coatings, medicine, food and other industri.
Ferrous sulfate and hydrogen, caustic soda, hydrogen peroxide, e.
by-products produced in the production process of titanium dioxide can be processed into iron phosphate and other materia.
Jinpu Titanium Industry said that the construction of the above-mentioned projects will further extend the company's industrial chain and meet the growing demand in the field of lithium iron phosphate new ener.
Benefiting from the increase in the production and sales of new energy vehicles and the increase in the installed capacity of lithium iron phosphate batteries, the price of lithium iron phosphate has continued to rise in recent yea.

According to data from the business community, as of May 27, the reference price of lithium iron phosphate was 155,000 yuan / ton, an increase of 308% from the beginning of last ye.
In addition to Jinpu Titanium Industry, leading companies in the titanium dioxide industry such as China Nuclear Titanium Dioxide (00214SZ) and Longbai Group (00260SZ) have also announced their involvement in the lithium battery indust.

In February last year, CNNC announced that it planned to invest 11 billion yuan to build a lithium iron phosphate project with an annual output of 500,000 to.

In August of the same year, Longbai Group, the largest titanium dioxide enterprise in China, also announced that it would spend 7 billion yuan to build projects with an annual output of 200,000 tons of battery material-grade iron phospha.

On May 29, Longbai Group stated on the investor interactive platform that its new energy battery material products have started mass production in April, and the output is increasing month by mon.