It is reported that Lithium Australia will become the latest batch of mining companies that will expand their business into the battery manufacturing industry.
Australian company Lithium, headquartered in Perth, Western Australia, recently announced a 99.7% quote from VerySmallParticleCompany (VSPC). VSPC is a manufacturer of nanoscale metal oxides for the development and production of lithium iron phosphate electric vehicle batteries in Australia.
Lithium Australia (Lithium Australia) stated that VSPC, based in Queensland, spent 14 years and A$30 million (US$23 million) to develop the world’s most advanced cathode technology for lithium-ion battery production.
According to reports, the Australian lithium company's acquisition will accelerate VSPC’s retest production of cathode powder production and battery production and test plants, and will provide a series of cathode materials for major battery manufacturers.
A lithium mine in Australia
"The application of VSPC to the Australian lithium company's technology base not only provides the most lucrative process steps (production of cathode powder) in the battery production process, but also enables the recycling of lithium metal development and production." Australian Lithium Company Adrian Griffin, managing director, said, "The cathode powder is the highest part of the lithium industry's value chain."
Lithium Australia was formerly CobreMontana and plans to become a vertically integrated lithium battery manufacturer. The company has a production process called SiLeach that can extract metallic lithium from the silicates that are discarded from traditional extraction processes. In addition, the company is also developing lithium-ion battery recycling facilities and developing lithium mines in Australia, Germany and Mexico. The acquisition of VSPC's cathode powder production technology assets is the last part of the company's business puzzle.
However, the Australian Lithium Company is not the only minerals company that has entered the downstream industry into the material business of battery module manufacturing.
Jiangxi Yufeng Lithium Industry Co., Ltd. is one of the five largest lithium producers in the world. Since 2007, Jiangxi Yufeng Lithium Electronics Co., Ltd. has begun to produce lithium-ion batteries.
In November last year, South African vanadium mining and coal miner Bushveld Minerals announced the deployment of South Africa's first practical scale vanadium redox flow battery (VRFB). Although the product was provided by UniEnergy Technologies, its installation at the Eskom test center in Rosherville, Victoria, represented the mining company's BushveldEnergy subsidiary in testing its battery technology.
At the same time, Canadian lithium producer MGX Minerals bought another stream battery maker ZincNyx Energy Solutions in December last year, and the company hopes to introduce zinc-based products within a year.
In February of this year, Australia’s Magnis Resources announced that it would increase its stake in the U.S. Battery Development Alliance, which is called Imperium3NewYork, which acquired a mechanical plant in North Carolina in Allevo and will become its One part of the 1GWH battery facility is produced each year.
The reason why these mineral companies enter the downstream industry market is not entirely clear. In addition, some mineral companies have begun to focus on meeting the substantial increase in battery production required for the electric vehicle and fixed energy storage markets.
The batteries produced by the mining companies themselves may make these companies directly compete with their customers in the market. Therefore, the success of these companies' battery business is not easy. In contrast, however, increasing the value chain can help to obtain more lucrative sources of income while helping mining companies hedge the material market's volatility.
Many manufacturers come from mining companies that have not established major businesses in the battery industry value chain, which means that they may lose due to competition with existing battery manufacturers.
There is hardly any company that dares to confront the Asian lithium giants and therefore prefers to focus on the production of single components, such as the cathode products of the Australian Lithium Corporation, or less well-known products such as vanadium oxidation of HPX and MGX Minerals. Original flow battery (VRFB).
Andrew Miller, senior analyst for mineral intelligence at Benchmark, said: "No matter what strategy you adopt, many companies in the Liberal industry are looking for ways to add value to downstream industries. If these companies have both mineral resources and some downstream technologies, they will obviously gain more. More benefits." (China Energy Storage Network exclusive compilation, reproduced please indicate the source)
Product categories of Stylus Pen For Huawei, which is just for Huawei M5, M6, C5, Matebook E, other tablets can not be used. Pls check with your huawei tablet model before ordering. We have advanced production equipment, strong software and hardware development capabilities. We have the perfect after-sale service and technical support. Looking forward to our cooperation.
Stylus Pen For Huawei,Surface Pen,Touch Pen,Touch Screen Pen
Shenzhen Ruidian Technology CO., Ltd , https://www.szwisonen.com