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Sinomine’s Main Business, Lithium, Rubidium and Cesium, has been listed in the “of New Material Inno

Addtime:2020-09-24 16:47:00

Recently, National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, and the Ministry of Finance jointly issued the "Guidance on Expanding Investment on Strategic Emerging Industries and Cultivating New Growth " (hereinafter referred to as the " Guidance "). The "Guidance" proposes the plan for innovative development of new materials. It is necessary to improve the development technology on the special mineral minerals, such as rare earth, vanadium-titanium, tungsten-molybdenum, lithium, rubidium and cesium, graphite, etc., and to expand the applications of graphene and nanomaterials in the fields of optoelectronics, aviation equipment, new energy, biomedicine, etc.

Cesium is one of the rare minerals that indispensable in many industries. It has been listed as the national key mineral in US and Japan. Cesium has been widely used in many fields, including medical medicine, aerospace, 5G communications, time and frequency industries, oil and gas drilling, fine chemicals, fireproof materials, etc. It has been highly recommended and widely used in the western countries and Hi-tech enterprises. As the development of science and technology in China and the demand on the high-quality products, the application of cesium and rubidium brine will be expanded beyond horizon.

Sinomine Resource Group Co., Ltd (Hereinafter refers as “Sinomine”), as the largest Rb-Cs supplier and producer, owns most of the global high quality cesium resources. With a complete Cs global industrial chain, Sinomine is capable of mining, processing, producing fine chemical products and providing technical services. The company has a wide range of rubidium and cesium chemical products. Its clients include Shanghai Yirui Imaging in China, Beijing Hamamatsu Photonics, WuXi AppTec, Gloria, Evonik, DuPont, Sigma, Haldo Topsoe, BASF, Pontex, Mitsubish, Sumitomo, LG, etc.

Sinomine is the major producer and supplier of battery-grade lithium fluoride in China. Battery-grade lithium fluoride is an important raw material for preparing lithium-ion batteries. Sinomine is among the first companies producing high-purity lithium carbonate and battery-grade lithium fluoride. And it is also among the first enterprises introducing battery-grade lithium fluoride to Japan and Korea. Relying on the advanced processing technology, the high-quality lithium fluoride has enjoyed a good reputation, occupying a relatively high proportion of the market and successfully entered into Tesla supply chain. At present, the demand for lithium-ion batteries for new energy vehicles, 3C consumer batteries and energy storage batteries has entered a period of steady growth. The large-scale promotion of 5G construction is expected to create a new strong growth for lithium-ion batteries.

With the issuance of the aforementioned Guidance, it brings further space for Sinomine’s healthy development. Sinomine will actively explore the rubidium and cesium brine market, improve product quality and obtain further resources to meet the demand in China. At the same time, Sinomine will upgrade its lithium production capacity from the existing 3000t battery-grade lithium fluoride and 6000t battery-grade lithium carbonate into 25,000t high-end lithium annual capacity. It will help Sinomine to ensure a great-leap-forward development.

Guidance on Expanding Investment on Strategic Emerging Industries and Cultivating New Growth