Midea Energy Purchases Ruifu Lithium Domestic Lithium Carbonate Industry Chain
A few days ago, A-share listed company Midea Energy issued the "Announcement on the Acquisition of Cash of Shandong Ruifu Lithium Industry Co., Ltd.", and the company will purchase a total of 98.51% of Shandong Ruifu Lithium Industry Co., Ltd. for 2.9 billion yuan in cash. In the eyes of market participants, this is expected to have a synergistic effect with the energy battery production segment, cathode material segment, and new energy vehicle operation segment of the new energy vehicle previously deployed by Midea Energy.
Ruifu Lithium Industry Co., Ltd. is a company that has long been focusing on battery-grade lithium carbonate R&D and production. Its current major customers include Shanshan New Energy, Dangsheng Technology, Tianjin Bamo, Xiamen Tungsten, CITIC Guoan Menggli Power, etc. Leading manufacturer of lithium battery cathode materials, downstream customers have good stability. According to the US Energy Summit, Ruifu Lithium promised a total of 1.26 billion yuan in three-year performance, which will provide strong performance support to listed companies.
Public data shows that Ruifu Lithium will become the third largest battery grade lithium carbonate producer after Tianqi Lithium and Suifeng Lithium, and is expected to produce 10,000 tons per year of battery grade in the third quarter of 2018 Lithium hydroxide monohydrate will also become the fourth-largest producer after Tianqi Lithium, Shanghai Fengfeng Lithium and Jiangte Electromechanical. With the production capacity of 20,000 tons of lithium carbonate production line and 10,000 tons of lithium hydroxide put into production, Ruifu Lithium will become the leading supplier of lithium carbonate besides Kefeng Lithium and Tianqi Lithium, with strong Competitive advantage and higher industry status. After being acquired by a listed company, it should be a win-win situation for both Midea Energy and Ruifu Lithium. Both sides will achieve greater development. The domestic lithium carbonate giant may usher in a three-way situation.
On the other hand, mineral resources are also one of the focuses of this acquisition. Mr. Weng Yongtang, President of Midea Energy, said that the company has signed an agreement with the related shareholders of Ruifu Lithium on "Prioritized Assignment of Shares of Hetian Ruifu Mining Co., Ltd.". The agreement stipulates that Midea Energy reserves the right to acquire the mining rights of Aktas Lithium Mine in Hotan County with a price of not more than 460 million yuan. In the meantime, Ruifu Lithium has been a supplier of lithium ore and lithium concentrates to the mainstream of the world. A long-term supply agreement was reached. In addition to the direct purchase of some lithium concentrates, the imported raw ore and domestic processing methods currently used by Ruifu Lithium ensure on the one hand a stable supply of raw materials and in addition reduce raw material costs.
Weng Yongtang stated that with the rapid development of new energy vehicles in the world, the demand for lithium resources in the upper reaches has been increasing, and the amount of lithium mining in the world has increased significantly in recent years. From the current supply-demand relationship, it is not scarce to see lithium resources in the future. The channel guarantees the supply of raw materials. After Midea Energy has completed the acquisition of Ruifu Lithium, it will seek investment and control of the upstream lithium mine in the future, thereby further enhancing the competitiveness of the company in the industrial chain.
Weng Yongtang introduced that Ruifu Lithium is planning to build an annual production capacity of 30,000 tons of lithium carbonate production line. It is expected to achieve a total capacity of 58,000 tons of lithium carbonate and 10,000 tons of lithium hydroxide within 12 months. The project was completed in November 2017. On the 28th, the Environmental Impact Assessment website issued an announcement on the impact evaluation of the environmental impact assessment. For the company's future strategic plan, Weng Yongtang stated that in recent years, the company has gradually increased the investment in the upstream materials field of new energy vehicles, and is firmly optimistic about the development opportunities for new energy vehicles. In the future, it will continue to focus on superior resources to focus on ternary cathode materials, battery-grade lithium carbonate, etc. Divide the market, and strive to become the leading position in the domestic industry.
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