A number of Chinese titanium dioxide producers have signalled their plans to enter the LFP (lithium iron phosphate) cathode market in 2021, drawn in by China’s booming battery industry, where the new capacity pipeline has strengthened further throughout Q1.
In Q1, CNNC Huayuan Titanium Dioxide Co (CNNC), a listed titanium dioxide producer, announced plans to invest RMB 12.1bn ($1.9bn) to construct a 500,000 tpa LFP cathode production facility in Baiyin, Gansu province, built in three stages (100,000, 200,000, 200,000 tpa respectively).
Despite the commitment to develop what would be the world’s second . . .