Tianyuan Group to establish 100,000 t per year LFP project 06-08-2023

Summary: Tianyuan Group intended to build a 100,000 t/a LFP project in Yinbin City, Sichuan Province, in order to achieve designed capacity of 300,000 t/a LFP.

On 29 April, 2023, Yibin Tianyuan Group Co., Ltd. (Tianyuan Group) issued an announcement referring to establishing its wholly-owned subsidiary and building a 100,000 t/a lithium ferrous phosphate (LFP) cathode materials project. Details about the project are as follows:

  • Total investment: USD279.35 million (RMB1.93 billion)
  • Investors: new subsidiary or existing subsidiary of the Company
  • Estimated construction duration: 12 months
  • Location: Nanxi District, Yibin City, Sichuan Province

    The phaseⅠ(25,000 t/a) of the 100,000 t/a LFP project, was put into trial production on 6 April, 2023, which was built by Yibin Tianyuan Lithium New Material Co., Ltd., a subsidiary of Tianyuan Group in Guangyuan Sanjiang New Area, Yibin City. The Company's 100,000 t/a LFP project in Nanxi District, Yibin City is a key step taken to reach 300,000 t/a LFP capacity, responding to strategic requirements during the 14th Five-Year Plan Period.


    It's worth mentioning that the Company's subsidiary Mabian Infinite Mining Co., Ltd. (Infinite Mining) has had many years of experience in phosphorus ore mining and processing, which is a medium-size enterprise running integrated businesses in phosphorus ore mining, delivering, processing and marketing. Infinite Mining now has production lines with capacity of 25,000 t/a yellow phosphorus, untapped reserves of phosphorus ore up to 30 million tonnes, processing systems with capacity of 900,000 t/a phosphorus ore and capacity of dressing 500,000 t/a phosphorus ore. In the meanwhile, the Company's high titanium slag project is expected to offer rich iron materials, ensuring the supply of iron resource.


    The project will fully take advantage of high-purity phosphorus ore and iron resources to offer a stable supply of upstream raw materials by highly effective synergism, which will help reduce costs and enhance the profitability of the project.


More information can be found at CCM Li-ion Battery China Monthly Report.

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