Recently, the reporter from the Australian listed company Galaxy Resources Limited (the "Galaxy Resources") learned that the construction of lithium carbonate production plant in Zhangjiagang will be put into operation at the end of the year, the annual output of up to 17,000 tons, the production of lithium carbonate quality high to ensure that the content of more than 99.5%. In addition to lithium carbonate processing plant, Galaxy Resources plans to build electric bicycle battery manufacturing plant in Zhangjiagang, the first production will reach 350,000 sets.
Galaxy Resources of choice is the first involved in the electric bicycle battery, thank thanksgiving, Galaxy Resources executive director, said: "Unlike other countries, the Chinese government policy to support the development of electric bicycle market, consumer demand, more of a pushing hand."
Recently, the state issued a "notice" to strengthen the management of the electric bicycle, provides that "the speed of not more than 20 km, the vehicle mass (weight) is not greater than 40 kg minimum standards" for the electric bicycle, which accelerated the lithium battery in the electric bicycle market process for the replacement of lead-acid batteries.
Domestic battery manufacturing plant to use more manpower, failure rate in the lithium battery factory in about 20%, while Japan and Korea market tolerance of less than 5% failure rate, the other domestic manufacturers are not stable product quality, to sign a long-term sales agreement to bring the difficulty. "Thanksgiving Xie said, Galaxy Resources electric bicycle battery manufacturing plant will use iron phosphate lithium battery technology.
It is noteworthy that, Geely chairman Li Shufu last year quietly in his own name investment Galaxy Resources. Sum of about $ 60 million convertible bonds issued in Galaxy Resources, the name of Li Shufu, its a private company Strong, the Target International to subscribe for 30 million Australian dollars (about 1.94 billion) of convertible bonds can be converted to 2013 for the company's shares.
The outside world has been speculation that the Galaxy Resources will jointly Geely Automobile technology research and development in the field of electric vehicle batteries. Thank thanksgiving said: "Mr. Li is only Galaxy Resources convertible bond investors, the electric automobile industry in China is not yet mature, electric vehicles, upstream, downstream, the environment, there is greater uncertainty, for example, what is the use of charge or discharge mode, the specific criteria for how, there are variables. the Xie Thanksgiving frankly, for the lithium battery in the car, now the most important in the Chinese market is the electric bicycle market.
Thanksgiving Xie said: "Although the project has not yet put into production, but the company 1.7 million tons of lithium carbonate has signed the underwriting agreement and 100% of the downstream customers." Plant the production of lithium carbonate minimum 99.5% battery grade lithium content, and even The ability to reach 99.9 percent or more of the content, so popular the market.
Due to the SQM Chile, the United States the FMC, Germany the Chemetall three giant dominated more than 70 percent of the global lithium carbonate production. The latter two from July 1 join forces to raise prices, price increase in about 20%. Galaxy Resources, through upstream and downstream integration strategy, upstream mining investment.
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