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LITHIUM: Gotion High Tech to build two lithium carbonate plants in China
Chinese electric vehicle battery maker Gotion High Tech plans to build two plants in southern China to produce lithium carbonate, Kallanish has learned.
The plants, expected to produce a combined 100,000 tonnes/year, will be constructed in Yichu in Jiangxi province, according to Reuters. Work on the initial phase of the plants will begin this quarter with both plants initially producing 20,000 t/y of capacity starting by the end of 2022, it reported.
Both plants will have a Phase 2 with 30,000 t/y of capacity, and they will be built in separate industrial parks in Yichu, Reuters says. The company’s construction p;an comes as the price of lithium carbonate continues to climb on global markets.
German automaker Volkswagen last year acquired a 26.5% interest in Gotion. Last month, the two companies announced a partnership to advance two battery projects in Germany to make EVs more attractive.
Truly global, user-friendly coverage of the steel and related markets and industry that delivers the essential information quickly while delivering on most occasions just the right amount of between-the-lines comment and interpretation for a near real time news service of this kind.
Anonymous
Very good overview of the weekly steel market.
Anonymous