Key Chinese cobalt refinery and lithium cathode precursor manufacturer GEM will build a production complex for lithium nickel-cobalt-manganese oxide (NCM) precursors and lithium iron phosphate (LFP) in Jingmen city, central China's Hubei province, to meet its 2030 carbon-neutrality targets.
The firm plans to invest 2.8bn yuan ($431mn) to build the complex with 80,000 t/yr capacity for ultra-high nickel NCM precursors, 50,000 t/yr for LFP, 100,000 t/yr for iron phosphate, 15,000 t/yr for high-purity lithium carbonate and 20,000 t/yr for high-purity manganese sulphate, as well as an integrated solid waste disposal unit. Further details including the construction schedules and launch dates were undisclosed.
GEM has an industrial chain from cobalt salts to lithium-ion cathode materials, as well as cobalt metal and powder. The firm's key products include NCM ternary precursors, cobalt tetroxide, cobalt powder and cobalt metal, with a capacity of 16,000 t/yr for cobalt tetroxide and 3,000 t/yr for cobalt metal. It also produces NCM and lithium cobalt oxide (LCO). It is the first time that GEM has added LFP and LFP precursor to its product portfolio because of its bullish outlook on the future development of this product.
LFP batteries have lower manufacturing costs and higher safety performance compared with NCM batteries. China's power battery production rose by 161.7pc from a year earlier to 19.5GWh in August, with installed volume up by 144.9pc to 12.6GWh, data from the...
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