The demand for lithium iron phosphate batteries is hot, and the demand has doubled!
2021-05-07
Today I will explain to you about phosphorus chemical industry. Many people do not know why the phosphorus chemical industry will rise. They might think that the rise of phosphorous chemicals is due to agriculture. In fact, this is not the case. This round of phosphorus chemical growth has basically nothing to do with agriculture. In the phosphorus chemical industry, the raw material rising this round is called monoammonium phosphate.
Why is this direction? The reason is that the demand for lithium iron phosphate batteries for new energy vehicles flows upstream from the terminal. As the demand for batteries increases, upstream raw materials will benefit from rising prices. This is the most efficient transmission logic on the market. The main raw material of lithium iron phosphate battery is lithium iron phosphate, which is de-lithium. Iron phosphate-high purity phosphoric acid / industrial monoammonium-yellow phosphorus-phosphate rock, this is a complete lithium iron phosphate battery industry chain, the upstream is industrial grade monoammonium phosphate. The downstream demand for batteries has increased, and the already tight upstream supply chain has become more tight. The price increase is a matter of course, so the essence is that the strong demand for lithium iron phosphate has led to a shortage of industrial grade monoammonium phosphate.
How hot the lithium iron phosphate battery is now, on July 8, Tesla officially launched the Model Y standard battery life version. Compared with the long-life version, the biggest change is the use of lithium iron phosphate batteries. Compared with ternary lithium batteries, the overall cost of lithium iron phosphate batteries is about 20% cheaper. The drop in the cost of domestically produced parts has directly reduced the cost of Model Y in China. Previously, Volkswagen Group revealed on Battery Day that its entry-level models will be equipped with lithium iron phosphate. For battery systems, the application scenarios of lithium iron phosphate batteries are even greater.
First of all, due to the popularity of lithium iron phosphate batteries, the relevant stock prices have risen very high, and the demand for industrial grade phosphoric acid/monoammonium phosphate will increase. This is the root cause of the previous rise in the prices of Lithium Hexafluorophosphate and vinylidene fluoride and the rise in stock prices. Due to their rise, the demand for industrial grade phosphoric acid/monoammonium phosphate will increase substantially.
The expansion of phosphorus chemical production capacity is restricted by policies, and phosphorus processing is also a licensed business. The production capacity of different products can be changed, and yellow phosphorus and phosphate fertilizer can be purified into industrial grade phosphoric acid/monoammonium phosphate. From 2021 to 2030, the demand for lithium iron phosphate will rapidly increase to 10 million tons, corresponding to the total demand for industrial grade phosphoric acid/monoammonium phosphate of about 8 million tons. Phosphate rock production will face two major obstacles, namely, the policy barrier of phosphate mining and the barrier of scarcity of phosphorus resources. Phosphorus resources are non-renewable. my country's current reserve-production ratio is only about 35 years, and every ton of lithium iron phosphate consumes 1.9 tons of phosphate ore.
