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Top 5 lithium mining companies in China in 2022
From the perspective of the upstream and downstream of the industrial chain, the upstream industries of the lithium ore industry are mainly natural mineral resources. From the morphology, it can be divided into two categories: hard rock lithium and brine lithium.
The midstream industry mainly extracts lithium from upstream mineral resources and forms lithium chemical products, mainly including lithium hydroxide, lithium carbonate, and lithium chloride. Downstream, the lithium chemical products produced in the midstream can be used in the production of batteries, ceramics, glass, lubricants, etc., and used in new energy vehicles, consumer electronics, electrochemical energy storage, aviation, machinery, medicine and other industries.
There are also many companies in China that are experienced in mining lithium ore. We can take a look at the top 5 lithium mining companies in China in 2022.
Sinomine
Established: 1999
Location: Beijing, China
Total market value: 44.01 billion RMB
Official website: http://www.sinomine.cn
Company profile: Sinomine's main business is the research and development, production and sales of rare light metal raw materials lithium salt, cesium salt and rubidium salt products. It is a mining group enterprise with the entire industry chain of mineral resources. The main businesses are: rare light metal (cesium, rubidium) resource development and utilization business, lithium battery new energy raw material development and utilization business, solid mineral exploration and mineral rights development business.
The company is the world's leading enterprise in the field of cesium and rubidium salt fine chemicals, and one of the main manufacturers and suppliers of battery-grade lithium fluoride in China and one of the suppliers of battery-grade lithium carbonate and lithium hydroxide. At the same time, it is also one of top 5 lithium mining companies in China in 2022.
Latest layout: Sinomine plans to invest in the construction of a 35,000-ton high-purity lithium salt project, and is also continuously expanding the project of lithium ore resources.
Yahua
Established: 2001
Location: Sichuan, China
Total market value: 29.74 billion RMB
Official website: http://www.scyahua.com
Company profile: The company is mainly engaged in the lithium ore lithium salt industry. It specializes in the research and development, manufacturing, sales and trade of lithium salt products, with a production capacity of 43,000 tons of lithium salt products such as lithium hydroxide and lithium carbonate.
Yahua is one of the world's leading suppliers of lithium salt products. By 2025, the production capacity will increase by another 20,000 tons of lithium hydroxide, 2,000 tons of metal lithium and its products. The products are widely used in batteries, medicine, metallurgy, petrochemical, glass, nuclear industry and other industries. It is also one of top 5 lithium mining companies in China in 2022.
Latest layout: Yahua plans to increase the self-sufficiency rate of lithium resources by more than 50% by 2025, and has increased the layout of lithium mines many times.
Chengxin
Established: 2001
Location: Sichuan, China
Total market value: 41.36 billion RMB
Official website: http://www.cxlithium.com
Company profile: Mainly engaged in the business of new energy materials, mainly lithium ore mining and dressing, production and sales of basic lithium salts, and a small amount of forestry business. The company's main business is the production and sales of new energy lithium battery materials.
The main products are lithium concentrate, lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal. The company's lithium product business technology is advanced and mature, and its products are mainly used in lithium-ion power batteries, energy storage, petrochemicals, pharmaceuticals and other fields. As for power battery, it is widely used nowadays and if you want to know more about it, you can check our top 10 power battery companies article. Besides, Chengxin is also one of top 5 lithium mining companies in China in 2022.
Latest layout: Chengxin invested in the establishment of a new material company, whose business scope includes battery sales.
Yongxing
Established: 2000
Location: Zhejiang, China
Total market value: 53.51 billion RMB
Official website: http://www.yongxingbxg.com
Company profile: The company specializes in the R&D and production of high-quality stainless steel rods and wires, special alloy materials and lithium battery materials. The products are mainly used in high-end equipment manufacturing, new energy vehicles and energy storage. Its main business is special steel new material business and lithium battery new energy business.
The company's main products are stainless steel rods and wires, special alloy materials, and battery-grade lithium carbonate. The company's stainless steel rods and wires have long been ranked the top two in the Chinese market. At the same time, it is also one of top 5 lithium mining companies in China in 2022.
Latest layout: Yongxing plans to invest 500 million RMB to build a 3 million tons/year lithium ore beneficiation project.
Salt Lake
Established: 1997
Location: Qinghai, China
Total market value: 129.7 billion RMB
Official website: http://www.qhyhgf.com
Company profile: Salt Lake is the largest salt lake lithium extraction industry leader in China and the largest potash fertilizer industrial production base in China. It has a potash fertilizer production capacity of 5 million tons/year, ranking fourth in the world in terms of production capacity.
It has a lithium carbonate production capacity of 30,000 tons/year, and its lithium extraction capacity from brine ranks first in the country. Besides, it is one of top 5 lithium mining companies in China in 2022.
Latest layout: Salt Lake's 7 billion RMB 40,000-ton lithium salt project will be put into production in 2024.
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