Lanzhou Rongjie Materials invests 1.1 billion yuan to build a 50,000-ton anode production facility

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On March 23, Rongjie Co., Ltd. announced that its wholly-owned subsidiary, Lanzhou Rongjie Material Technology Co., Ltd., would build a facility in the Lanzhou New Area to produce 50,000 tons per year of high-performance lithium-ion battery anode materials, with a total investment of around 1.1 billion yuan. If considered solely in terms of the scale of a single project, this magnitude is not particularly significant against the backdrop of an industry where expansions often involve volumes of hundreds of thousands of tons. However, when viewed within Rongjie Co., Ltd.’s existing industrial structure, this project represents a crucial addition to the company’s presence in the new energy materials sector. Unlike most companies that started out with anode materials, Rongjie Co., Ltd. has its industrial foundation firmly established in the resource sector. The company’s current core businesses include lithium ore mining and processing, lithium salt processing and smelting, as well as the manufacturing of lithium battery equipment, among which lithium concentrate remains the most important source of revenue. The mining rights it holds for Vein No. 134 of its spodumene mine make it one of the few large-scale, operating spodumene mines in China that have established a stable supply capacity. By 2025, the company managed to significantly increase the production of lithium concentrate by transporting raw ore outside the facility; the annual production of lithium concentrate with a purity of 6% reached 185,600 tons, a 174.83% increase compared to the previous year. The revenue generated from lithium concentrate sales amounted to 767 million yuan, representing a 92.45% increase on a year-on-year basis. An important move made by Rongjie Co., Ltd. in recent years has been to expand into the midstream processing sector through equity investments and subsidiaries, with Chengdu Rongjie Lithium being the most representative example of this. As an important affiliated company of the firm, Chengdu Rongjie Lithium Industry plays an increasingly crucial role in the company’s profit structure. Rongjie Co., Ltd. stated in its 2025 annual report that one of the key factors behind the increase in net profit was the significant rise in net profit at Chengdu Rongjie Lithium Industry. The company is primarily engaged in the production and processing of lithium salt products, and its profitability is highly dependent on the prices of lithium salts as well as the scale of production and sales. In terms of its position within the industrial chain, Chengdu Rongjie Lithium Industry links upstream lithium ore with downstream battery materials, serving as one of the key channels for Rongjie Co., Ltd. to convert resources into tangible value. It is on this basis that the logic behind Lanzhou Rongjie Materials’ anode project becomes even clearer: it represents Rongjie Shares’ move to extend further along the \"resources-lithium salts-materials\" chain. Although there is no direct connection between negative electrode materials and lithium resources at the raw material level, within the industrial ecosystem, both belong to the category of key materials for power batteries. By introducing anode materials in addition to lithium salts, Rongjie Co., Ltd. is essentially building a more comprehensive portfolio of battery materials. As early as last May, the company acquired approximately 208,400 square meters of industrial land through a transfer contract, to reserve space for subsequent project construction. This means that the company is already planning its strategies for the material side before the production capacity of lithium concentrate is fully utilized, demonstrating a high degree of foresight.