Ganfeng Lithium continues to build a Vertically Integrated Lithium Business spanning across the globe. TNR Gold Mariana Lithium Royalty Partner announced major investment plans for building massive production facilities for Lithium Batteries in China.
"(Yicai Global) Feb. 28 -- Ganfeng Lithium Group, a major Chinese supplier of lithium battery materials, said it will build a new plant to make lithium batteries, power packs, and power systems for industrial vehicles reportedly worth CNY7 billion (USD1 billion) a year.The Suzhou plant will have an annual capacity of 5 gigawatts of power batteries and 10 GW of power battery systems, a combination of batteries, battery management and thermal management systems, sensors, and ancillary devices, the Xinyu-based firm said via WeChat late yesterday. It did not specify the cost or construction schedule."
Lithium Solid-State Batteries open the new chapter at The End of the ICE Age Chronicles. Ganfeng is elevating its Lithium Solid-State Batteries technology to a new level of industrial mass-scale production and building state-of-the-art production facilities in China.
This advanced Lithium Batteries technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range.
For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Now we can put all recent developments at Mariana Lithium Project into the perspective of this new battery technology.
"We have a very important confirmation for all TNR Gold shareholders from Salta, Argentina. According to the publication of Cronica del NOA about the meeting between Ganfeng Lithium and the Governor of Salta Gustavo Saenz: "The Mariana project, which began construction last June, will start producing in 2024 an estimated 20 thousand tons per year of Lithium Chloride".
"We have our first great news delivered from Argentina for all TNR Gold shareholders in 2023. El Pregon Minera reports "The Operational Phase of Mariana Project Began"!"
"For all TNR Gold shareholders, the following chart from the Ganfeng Lithium presentation is particularly important. The production facilities of 20,000 T of Lithium Chloride per year are called "Phase 1".
TNR Gold is plugged into Tesla Energy rEVolution with our Royalty Holdings on the Mariana Lithium Project with Ganfeng Lithium. I consider my personal investment in TNR Gold, as a unique entry point into the state-of-the-art vertically integrated lithium business being built by Ganfeng Lithium for the 21st century.
We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.
On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!
Yicai Global:
China’s Ganfeng Lithium to Build New Battery Plant in Suzhou"(Yicai Global) Feb. 28 -- Ganfeng Lithium Group, a major Chinese supplier of lithium battery materials, said it will build a new plant to make lithium batteries, power packs, and power systems for industrial vehicles reportedly worth CNY7 billion (USD1 billion) a year.
The Suzhou plant will have an annual capacity of 5 gigawatts of power batteries and 10 GW of power battery systems, a combination of batteries, battery management and thermal management systems, sensors, and ancillary devices, the Xinyu-based firm said via WeChat late yesterday. It did not specify the cost or construction schedule.
Suzhou Daily reported today that the new plant’s output value will likely be CNY7 billion a year when it goes into operation.
Suzhou in Jiangsu province will become Ganfeng Lihtium's power battery production base and regional headquarters in East China, the firm added.
Shares of Ganfeng Lithium [SHE: 002460] closed down 0.7 percent at CNY72.40 (USD10.42) each in Shenzhen today. Its Hong Kong-listed stock [HKG: 1772] fell 4.5 percent to HKD54.70 (USD6.97).
Ganfeng Lithium has been expanding into lithium battery production in recent years. Last August, the company announced it would invest CNY21.3 billion (USD3.1 billion) in several projects in Xinyu to increase capacity. Last month, it unveiled two more capacity expansion plans worth CNY15 billion in Chongqing and Dongguan.
Editor: Futura Costaglione"
Lithium Solid-State Batteries and rEVolution: "Ganfeng Lithium Revs Up Battery Ambitions with LiEnergy Spinoff"
Lithium Solid-State Batteries will open the new chapter at The End of the ICE Age Chronicles. Ganfeng is pushing its Lithium Solid-State Batteries technology to a new level and building new production facilities in China. This new Lithium Batteries technology will drive further the global adoption of electric cars with safer batteries, which can provide a longer driving range.
Bamboo Works reports on the latest development at Ganfeng Lithium's LiEnergy battery unit and the plan for its IPO, please read this very good article in full below:
"The major producer of a key metal used to power new energy cars will pump 2 billion yuan into its young battery unit ahead of a planned spinoff
Key Takeaways:
- Ganfeng Lithium will spin off its LiEnergy battery unit, seeking to take advantage of higher valuations for battery makers compared with lithium producers
- The spinoff is probably a prelude to a separate listing for LiEnergy, which could come as soon as late 2023 when the unit is set to launch two major new production facilities"
For all TNR Gold shareholders, it will be very interesting to note here that Lithium Chloride is the preferred Lithium chemical composition to convert into Lithium metal. Now we can put all recent developments at Mariana Lithium Project into the perspective of this new battery technology.
"The future valuation of TNR Gold NSR Royalty on Mariana Lithium will depend on the Lithium price and the amount of production by these facilities. Lithium prices in China hit a new all-time high above USD$85,000 per T of LCE spot price and Ganfeng inaugurated Mariana Lithium construction last June with their USD$600 million investment plan to develop "Phase 1" facilities for 20,000 T of Lithium Chloride annual production starting in 2024.
With 0.45% NSR on Mariana Lithium left after Ganfeng would exercise their 1% NSR buyback right the potential future undiscounted pre-tax cash flow for TNR Gold generated from only this Royalty holding can represent the annual amounts which are higher than the total market cap of the Company today."
We are building The Green Energy Royalty and Gold Company and participating in the creation of secure supply lines feeding The Switch and Tesla Energy rEVolution.
On my blog following the links below, you can find more information about TNR Gold Corp. and our Royalty Holdings. Do your own research, read all disclaimers, as usual, and stay safe and prosper. Join rEVolution!
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