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【Chemical Machinery and Equipment Network Star Enterprises】In the context of the sharp rise in the price of upstream raw materials for power batteries, power battery companies are increasing upstream resources
in order to reduce costs and stabilize the supply of upstream raw materials.
in order to reduce costs and stabilize the supply of upstream raw materials.
On November 1, CATL announced that the company and its wholly-owned subsidiary Sichuan Times signed the Investment Framework Agreement with Guohong Group on September 30 and the Investment Agreement on October 31
.
Guohong Group intends to increase its capital in Sichuan Times with its
100% equity interest in Luomine Group.
After the completion of the capital increase, Guohong Group will hold 20.
8% of the equity of Sichuan Times, and Sichuan Times will hold 100% of the equity
of Luo Mining Group.
.
Guohong Group intends to increase its capital in Sichuan Times with its
100% equity interest in Luomine Group.
After the completion of the capital increase, Guohong Group will hold 20.
8% of the equity of Sichuan Times, and Sichuan Times will hold 100% of the equity
of Luo Mining Group.
Before the transaction, Luoyang Mining Group was a wholly-owned subsidiary of Guohong Group and the second largest shareholder of Luoyang Molybdenum, holding 24.
68% of the shares
of Luoyang Molybdenum.
After the completion of the transaction, Luo Mining Group will become a wholly-owned subsidiary of Sichuan Times, and Sichuan Times will indirectly hold 24.
68% of the shares of Luoyang Molybdenum through Luoyang Molybdenum Group, becoming the second indirect shareholder
of Luoyang Molybdenum.
68% of the shares
of Luoyang Molybdenum.
After the completion of the transaction, Luo Mining Group will become a wholly-owned subsidiary of Sichuan Times, and Sichuan Times will indirectly hold 24.
68% of the shares of Luoyang Molybdenum through Luoyang Molybdenum Group, becoming the second indirect shareholder
of Luoyang Molybdenum.
CATL said that this transaction will help deepen industrial cooperation with Luoyang Molybdenum Industry, and build a resilient global supply chain system
by giving full play to their respective advantages to jointly deploy global new energy-related metal resources.
by giving full play to their respective advantages to jointly deploy global new energy-related metal resources.
Luoyang Molybdenum has long cooperated with CATL
According to public information, Luoyang Molybdenum is mainly engaged in mining, dressing, metallurgy and other mining and processing business of base metals and rare metals and mineral trading business
.
At present, the company's main business is distributed in Asia, Africa, South America, Oceania and five continents in Europe
.
.
At present, the company's main business is distributed in Asia, Africa, South America, Oceania and five continents in Europe
.
Luoyang Molybdenum is not only a producer of tungsten, cobalt, niobium and molybdenum and an important copper producer, but also a leading producer
of phosphate fertilizers in Brazil.
of phosphate fertilizers in Brazil.
As early as April last year, Luoyang Molybdenum signed a cooperation agreement
with Bangpu Times, an indirect holding company of CATL.
The two sides deepened cooperation on strategic investment in projects, product underwriting, expanding cooperation
and establishing an all-round strategic partnership for new energy metals.
At the same time, through its wholly-owned subsidiary Times New Energy, Bangpu Times acquired a 25% stake
in Hong Kong KFM Holdings, a wholly-owned subsidiary of Lomolybdenum Holdings, for a total consideration of US$137.
5 million (approximately RMB 1.
001 billion).
with Bangpu Times, an indirect holding company of CATL.
The two sides deepened cooperation on strategic investment in projects, product underwriting, expanding cooperation
and establishing an all-round strategic partnership for new energy metals.
At the same time, through its wholly-owned subsidiary Times New Energy, Bangpu Times acquired a 25% stake
in Hong Kong KFM Holdings, a wholly-owned subsidiary of Lomolybdenum Holdings, for a total consideration of US$137.
5 million (approximately RMB 1.
001 billion).
It is understood that KFM Holdings holds a 95% interest
in the KFM copper-cobalt mine project located in the Democratic Republic of the Congo.
In December 2020, Luoyang Molybdenum acquired the interest
from the American Freeport for US$550 million (approximately 4.
003 billion yuan).
in the KFM copper-cobalt mine project located in the Democratic Republic of the Congo.
In December 2020, Luoyang Molybdenum acquired the interest
from the American Freeport for US$550 million (approximately 4.
003 billion yuan).
According to public information, KFM copper-cobalt mine is one of the largest and highest-grade copper-cobalt ore projects in the world, with a total resource of about 365 million tons of ore, containing more than 6.
2 million tons of copper metal and more than 3.
1 million tons of cobalt metal
.
2 million tons of copper metal and more than 3.
1 million tons of cobalt metal
.
On June 30, Luoyang Molybdenum announced that the company intends to invest in the construction of the KFM development project (phase I)
for no more than US$1.
826 billion (about 13.
289 billion yuan).
The project began preparations in March 2021 and is expected to be put into operation in the first half of 2023, and it is expected to add an average of 90,000 tons of copper metal and 30,000 tons of cobalt metal per year after reaching production in the future
.
for no more than US$1.
826 billion (about 13.
289 billion yuan).
The project began preparations in March 2021 and is expected to be put into operation in the first half of 2023, and it is expected to add an average of 90,000 tons of copper metal and 30,000 tons of cobalt metal per year after reaching production in the future
.
On the evening of July 21, Luoyang Molybdenum issued an announcement that 25% of the equity of its subsidiary KFM Holdings Co.
, Ltd.
has been transferred to Times New Energy
on July 21.
After the completion of the equity transfer, the Company and Bangpu Times indirectly hold 71.
25% and 23.
75% of the equity
interests in the KFM copper-cobalt mine project located in the Democratic Republic of the Congo, respectively.
, Ltd.
has been transferred to Times New Energy
on July 21.
After the completion of the equity transfer, the Company and Bangpu Times indirectly hold 71.
25% and 23.
75% of the equity
interests in the KFM copper-cobalt mine project located in the Democratic Republic of the Congo, respectively.
It is worth noting that in addition to the KFM copper-cobalt mine project, Luoyang Molybdenum is also promoting the construction
of the DRC TFM mixed mine.
On May 17, the company revealed that the proposed investment of US$2.
51 billion (about 257 million yuan) of the TFM copper-cobalt ore mixed ore project is progressing smoothly according to the milestone milestone plan
.
of the DRC TFM mixed mine.
On May 17, the company revealed that the proposed investment of US$2.
51 billion (about 257 million yuan) of the TFM copper-cobalt ore mixed ore project is progressing smoothly according to the milestone milestone plan
.
CATL locks lithium resources
Although it is the world's largest power battery, CATL continues to deploy upstream mineral resources
in order to control costs.
in order to control costs.
According to the "Letter of Intent for CATL's Initial Public Offering and Listing on the Growth Enterprise Market" publicly disclosed in 2018, its grandson company Canada Times holds a 43.
59% stake
in North American Lithium.
59% stake
in North American Lithium.
In September 2019, CATL subscribed for 183 million ordinary shares of Australian lithium mining company Pilbara Minerals for 55 million Australian dollars (about 257 million yuan), accounting for about 8.
5% of the total share capital, and CATL was its third largest shareholder
after the subscription.
5% of the total share capital, and CATL was its third largest shareholder
after the subscription.
In September 2020, CATL invested 8.
58 million Canadian dollars (about 45.
9367 million yuan) to invest in Canadian mining giant Neo Lithium
.
58 million Canadian dollars (about 45.
9367 million yuan) to invest in Canadian mining giant Neo Lithium
.
In September 2021, Suzhou Tianhua Times, a shareholding company of CATL, will invest US$240 million (about 1.
747 billion yuan) in the Africa One Lithium Mine Project
.
747 billion yuan) in the Africa One Lithium Mine Project
.
On February 14 this year, Sichuan Times New Energy Resources Co.
, Ltd.
, a subsidiary of CATL, signed a joint venture agreement
with Ganzizhou Investment Group, Yibin Sanjiang Huida Company and Sichuan Tianfu Mining Company.
In order to accelerate the exploration and development of lithium resources in Sichuan Province and increase the supply of lithium resources, all parties will carry out all-round cooperation
.
, Ltd.
, a subsidiary of CATL, signed a joint venture agreement
with Ganzizhou Investment Group, Yibin Sanjiang Huida Company and Sichuan Tianfu Mining Company.
In order to accelerate the exploration and development of lithium resources in Sichuan Province and increase the supply of lithium resources, all parties will carry out all-round cooperation
.
On April 20 this year, Yichun Times New Energy Mining Co.
, Ltd.
, a subsidiary of CATL, successfully bid for the prospecting right
of ceramic clay (containing lithium) in Zhenkouli-Fengxin County, Yifeng County, Jiangxi Province with a quotation of 865 million yuan.
, Ltd.
, a subsidiary of CATL, successfully bid for the prospecting right
of ceramic clay (containing lithium) in Zhenkouli-Fengxin County, Yifeng County, Jiangxi Province with a quotation of 865 million yuan.
summary
In order to control the supply of raw materials in advance, power battery companies are stepping up the layout of upstream mineral resources, including investment
in upstream raw material enterprises.
in upstream raw material enterprises.
BYD recently invested in Shengxin Lithium Energy
.
On October 31, Shengxin Lithium Energy said that its application for non-public offering of A-shares was approved by the China Securities Regulatory Commission
.
According to the company's previous announcement, the target of this round of non-public offering is BYD, and after the completion of the private offering, BYD is expected to hold 5.
11%-5.
84% of the equity
of Shengxin Lithium Energy.
.
On October 31, Shengxin Lithium Energy said that its application for non-public offering of A-shares was approved by the China Securities Regulatory Commission
.
According to the company's previous announcement, the target of this round of non-public offering is BYD, and after the completion of the private offering, BYD is expected to hold 5.
11%-5.
84% of the equity
of Shengxin Lithium Energy.
It is reported that the two sides will cooperate in upstream mineral resources, jointly find high-quality mineral resources for cooperative development, obtain lithium-related resources, and drive in-depth cooperation
in upstream and downstream business and technology of the industrial chain.
in upstream and downstream business and technology of the industrial chain.
In short, in the future power battery industry, enterprises that master upstream lithium resources will have more advantages, and with "mines", they will be more confident!
Hara: Lock upstream resources! CATL's subsidiary will become the second indirect shareholder of Luoyang Molybdenum
