Dongwha Electrolyte secures exclusive lithium salt supply deal with Chinese producer

Dongwha Electrolyte has secured a long-term supply agreement with Chinese lithium salt producer Sunyes Zhongning, strengthening its access to a key battery material amid rising demand from electric vehicles and energy storage systems. The company, an electrolyte manufacturing subsidiary of Dongwha Enterprise, said Thursday that the exclusive purchasing deal covers lithium hexafluorophosphate (LiPF6), the standard electrolyte salt in commercial lithium-ion batteries. Financial terms, contract duration and volumes were not disclosed. Sunyes Zhongning specializes in manufacturing LiPF6, operating an annual capacity of about 5,000 tons, which is equivalent to supplying roughly 35,000 tons of electrolytes. With the latest agreement, Dongwha Electrolyte expects to secure critical raw materials in advance while improving its cost structure, as demand for LiPF6 continues to rise with the expansion in the energy storage system (ESS) and electric vehicle markets. “This agreement provides a foundation for supplying high-quality electrolytes to customers without disruption despite volatility in ra

Original source: Korea Times