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Shares of Orient Zirconic Ind Sci & Tech surged following news that the leading Chinese supplier of zirconium compounds plans to invest 737 million CNY (approximately $102.4 million USD) in constructing a state-of-the-art battery materials manufacturing facility.
The company closed the trading session in Shenzhen with a 4% increase, reaching CNY12.32 (around $1.74 USD).
Located in the Qinyang Economic and Technological Development Zone in Henan Province, the new plant will boast an annual capacity of 60,000 tons of battery-grade zirconium hydroxide and 12,000 tons of premium zirconia and hafnia. This announcement was made yesterday by the company, which is based in Guangdong Province.
The development will be carried out in two stages. The first phase, focused on producing 35,000 tons of high-purity zirconium hydroxide annually, is set to start construction in January. The second phase will expand operations based on market demand and aim to complete the project.
This new facility is expected to boost the company’s presence in emerging downstream sectors, broaden its high-tech, high-value products, and enhance its competitive edge and profitability. Such advancements are vital for sustained growth in the battery materials industry.
Zirconium hydroxide is an essential intermediate for zirconia production and plays a significant role in renewable energy batteries. It is a critical raw material used in solid-state battery electrolytes and electrode coatings, contributing to ionic conductivity and structural integrity.
In lithium-ion batteries, adding zirconia or hafnia powders to cathodes improves performance, especially in ternary lithium batteries. Hafnia also serves as an additive in solid-state electrolytes to enhance overall functionality.
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