Lithium Plus Receives Key Equipment for Lithium Hydroxide and Lithium Carbonate Production

[Asia Economy Reporter Hyungsoo Park] Lithium Plus announced on the 25th that it has begun receiving 10 specially manufactured 50-ton reactors, which are core equipment for lithium production. By June, all production preparations, including evaporators and filtration devices, will be completed, and from July, it will produce 3,600 tons of battery-grade lithium hydroxide and lithium carbonate.

A company official stated, "We plan to install and conduct test operations of the production facilities by June," and added, "We expect sales to start generating in earnest from July when mass production begins."

On the 21st, Lithium Plus completed the submission of permits for registering its lithium production plant in Geumsan-gun, Chungnam Province. The production plant is approximately four stories high and has a capacity of 3,600 tons. The core production technology converts low-grade (off-grade) lithium carbonate and lithium hydroxide into ultra-high purity products.

Lithium Plus is also pursuing the establishment of a second plant with a capacity of about 40,000 tons. The company is focusing resources on securing lithium production capacity based on its technological competitiveness.

A company representative said, "We are currently processing various local government permits and domestic and international funding for the construction of the second plant," and added, "Amid ongoing lithium supply shortages, we will strive to expedite lithium production."

The majority of battery-grade lithium used domestically depends on China. According to Chinese raw material market research firm Shengyixue, on the 22nd, the price of battery-grade lithium carbonate reached 495,000 yuan per ton. This marks an approximately eightfold increase compared to the price of 60,000 yuan per ton at the beginning of last year.

This content was produced with the assistance of AI translation services.