China’s Minmetals launches NCM plant

China Metallurgical Group, a subsidiary of diversified metals producer Minmetals, has launched a new production plant for nickel-cobalt-manganese (NCM) ternary cathode material and scandium oxide in Caofeidian, Tangshan in north China's Hebei province.

The plant, the first phase of the whole project, is designed to produce 40,000 t/yr of 6-2-2 NCM and 20 t/yr of high-purity scandium oxide. The company began site construction in September 2017 and started pilot production in November this year.

The second phase will include 20,000 t/yr of 8-1-1 NCM and 20 t/yr of high-purity scandium oxide.

Minmetals' Ramu cobalt-nickel mine in Papua New Guinea will provide feedstock supply to the project. Minmetals launched the mine in 2015, with a reserve of 143mn t of laterite ore.

China Metallurgical Group has partnered with domestic electric vehicle manufacturer BYD and battery producer Guoxuan Hi-tech to develop the project.

NCM lithium-ion batteries are expected to become the mainstream power source for new energy vehicles (NEVs) in the next 20 years. Global NCM demand is projected to reach 4mn t/yr in 2030, growing at a compound annual growth rate of 32pc from 2020.

Technological advances have allowed large-scale Chinese producers such as Ronbay, Beijing Easpring and Tianjin BTR to start producing 8-1-1 and 6-2-2 NCM ternary materials to reduce their cobalt costs and increase energy density.

Beijing Easpring aims to raise its total capacity for ternary cathode material to 50,000 t/yr in 2020 from 16,000 t/yr now. Huayou Cobalt is building a new production plant with 150,000 t/yr of capacity in Zhejiang province.

Demand for cathode materials with a high nickel content has risen since the Chinese government's move in February to cancel or cut subsidies for electric vehicles (EVs) with ranges below 300km and increase the subsidy for more expensive longer-range vehicles. Higher nickel content in NCM material can improve an EV's driving range.

China sold 1,030,000 and produced 1,054,000 NEVs in January-November, up by 68pc and 63.6pc respectively from a year earlier. The country is expected to exceed its initial target of producing 1mn EVs in 2018, following rises in output over the past few months

News No: 3090
Date: 2018/12/27 - 18:16
News Source: Argus Media

China  Minmetals  NCM  NEV  Caofeidian 


Leave a Comment:


Imports of Easy Open Aluminum Can Lids Hit $11m

About 1,882 tons of easy open aluminum can lids worth about $11 million were imported into Iran during the first half of the current Iranian year (March 21-Sept. 22), data released by the Islamic Republic of Iran Customs Administration show.

Global Energy Metals buys cobalt project near Tesla gigafactory

In its quest to become a niche supplier of cobalt, Global Energy Metals (GEMC:TSX.V) announced it has signed an agreement with Nevada Sunrise Gold Corp to acquire an 85% interest in the Lovelock cobalt mine and the Treasure Box project, located in Churchill County, Nevada.

Copper price falls after Chinese economic growth hits 28-year low

The copper price came under renewed pressure on Monday after headline figures showed a slowdown in the Chinese economy to annual rates of growth not seen in nearly three decades.

Brent, WTI Prices Fall

Oil prices fell on Monday, in line with weaker stock markets after evidence that economic growth in China, the world’s second largest crude consumer, eased in 2018.

China Offers NIOC $3b Oil-Field Deal 3

China’s state-run energy giant is making a new approach to strike a $3 billion Iranian oil field, seeking to take advantage of waivers allowed under US sanctions even as two European nations have ended crude purchases, according to people familiar with the matter.

US Likely to Extend Iran Oil Sanctions Waivers

The United States is likely to extend waivers from sanctions on Iranian oil imports in May, but will reduce the number of countries receiving them to placate top buyers China and India and to decrease the chance of higher oil prices, analysts said.
Upcoming Events
 Mines & Metals

Mine & Business Today

 Scrap & Recycling


Our partners