Chengxin Lithium

What Chengxin Lithium does

Chengxin Lithium Group Co., Ltd. is a Chinese lithium mining and processing company listed on the Shenzhen Stock Exchange (ticker 002240) and controlled by Shenzhen Chengtun Group Co., Ltd. The company is vertically integrated across the lithium value chain, operating lithium resource assets — spodumene mines at Yelonggou and Murong in Sichuan (with Murong at a 1.62% Li2O average grade), the Sabi Star lithium-tantalum mine in Zimbabwe, and the SDLA brine project in Argentina — together with downstream lithium compound and metal production facilities in China (Zhiyuan Lithium, Suining Chengxin, Chengwei Lithium, Suining Chengxin Technology) and Indonesia (PT. ChengTok Lithium Indonesia). Its product portfolio spans battery-grade lithium carbonate (Li2CO3 ≥99.60%), battery-grade lithium hydroxide monohydrate (LiOH 57.00-57.50%), industrial-grade lithium carbonate, anhydrous lithium chloride, and high-purity lithium metal in ingot, pellet, ribbon, and alloy forms, with impurity control at the parts-per-billion level for magnetic metals.

The company sells on a B2B enterprise basis through long-term supply agreements with first-tier lithium-ion battery manufacturers and EV/cathode customers, including BYD, CALB, HTHIUM, LGES, SK On, POSCO, Albemarle, Hyundai, Hunan Yuneng, and Dynanonic. Pricing is contract-negotiated rather than publicly disclosed, and the business model is fundamentally a commodity-volume play: 137,000 tons of planned lithium salt capacity (60,000 tons at ChengTok Indonesia, 42,000 tons at Zhiyuan Lithium, 30,000 tons at Suining Chengxin, 5,000 tons at Chengxin Technology), plus ~290,000 tons/year of lithium concentrate from Sabi Star and 2,500 tons LCE/year from the SDLA brine project. Geographic operations span China, Indonesia, Zimbabwe, and Argentina, supported by a controlling shareholder (Chengtun Group) with CNY 78.1 billion in assets and CNY 65.2 billion in revenue across nickel, cobalt, lithium, and copper.

Chengxin Lithium has built out an ESG and responsible-sourcing profile through certifications including Responsible Minerals Assurance Process (RMAP) compliance at ChengTok Indonesia (the first such certification for a Chengxin subsidiary), PAS 2060 carbon-neutral verification at Chengwei Lithium (the group's first zero-carbon factory, with a 94.74% emissions reduction via hydroelectric power), ISO 14064/14067/50001 across multiple subsidiaries, and National Green Factory designation for Suining Chengxin. These credentials, together with community-development awards in Zimbabwe and an ESG-themed brand award in 2025, indicate deliberate positioning for Western OEM and ESG-mandated battery customer demand, alongside its domestic Chinese base.

Name

Chengxin Lithium

Legal name

Chengxin Lithium Group Co.,Ltd.

Website

https://en.cxlithium.com

Company type

Public

Founded year

2016

Operating status

Operating

Short description

Chengxin Lithium is a vertically integrated Chinese lithium mining and processing company that supplies battery-grade lithium carbonate, lithium hydroxide, lithium chloride, and lithium metal to first-tier battery and EV manufacturers including BYD, LGES, SK On, and Hyundai, via operations across China, Indonesia, Zimbabwe, and Argentina.

Ownership category

akta.pro rank

Product category

Lithium Mining and Chemicals

NAICS

Chemical Manufacturing (325), Basic Chemical Manufacturing (3251)

SIC

Metal Mining (1000), Industrial Inorganic Chemicals (2810)

akta.pro primary industry

Battery-Grade Chemical Processing (LiOH/Li2CO3, Ni/Co Sulfates, Mn Sulfate) (IMAKAFAI)

akta.pro secondary industries

Lithium Mining & Brine Extraction (IMAKAFAA), Battery Raw Materials Mining & Refining (Lithium, Nickel, Cobalt, Manganese, Graphite) (EUAFABAA)

Keywords

• Lithium carbonate production
• Lithium hydroxide monohydrate
• Spodumene mining operations
• Battery grade lithium compounds
• Lithium metal manufacturing

Headquarters

HQ city

Chengdu

Offices7 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Infrastructure, Operations, Personnel, Technology or R&D

Revenue model

1. Lithium Products Sales: B2B sales of lithium compounds and metals including lithium carbonate, lithium hydroxide monohydrate, lithium chloride, and lithium metal to battery manufacturers and other industrial customers through long-term supply agreements

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

Chengxin Lithium Group extracts lithium from spodumene mines and brine sources, then processes it into battery-grade and industrial-grade lithium carbonate, lithium hydroxide monohydrate, anhydrous lithium chloride, and metallic lithium. Products are supplied to lithium-ion battery manufacturers, energy storage producers, and industrial users under long-term B2B supply agreements.

Product overview

Chengxin Lithium Group is a lithium mining and processing company offering a comprehensive portfolio of lithium products across the value chain. The company operates from raw lithium ore and brine resources through to refined lithium compounds including battery grade lithium carbonate, battery grade lithium hydroxide monohydrate, industrial grade lithium carbonate, lithium hydroxide monohydrate, anhydrous lithium chloride, and lithium metal. Core production subsidiaries include Sichuan Zhiyuan Lithium (42,000 tons capacity), Suining Chengxin Lithium (30,000 tons), PT. ChengTok Lithium Indonesia (60,000 tons), Sichuan Chengwei Lithium (3,000 tons metallic lithium), and mining operations in China, Zimbabwe, and Argentina.

Differentiator

Problem solved

Functional benefit

Products and services

• Battery Grade Lithium Carbonate High-purity lithium carbonate (Li2CO3 ≥99.60%) used in synthesis of lithium cobalt oxide, lithium manganese oxide, ternary materials, and lithium iron phosphate cathode materials for lithium-ion batteries; also used in making ceramics, drugs, catalysts, and lithium-ion power battery cathode materials.
• Battery Grade Lithium Hydroxide Monohydrate High-purity lithium compound (LiOH·H2O 57.00-57.50%) used in synthesis of lithium cobalt oxide, lithium manganate, ternary materials, and lithium iron phosphate lithium-ion cathode materials; also used in manufacturing lithium grease, alkaline batteries, and developers.
• Industrial Grade Lithium Carbonate Industrial-purity lithium carbonate widely used in lithium smelting, special glass, ceramics, glaze, electronics industries, and convertible into protective slag, lithium fluoride, lithium bromide, lithium hydroxide monohydrate and other lithium compound series.
• Lithium Hydroxide Monohydrate Lithium compound (LiOH·H2O) used as important additive for lithium-based grease, alkaline batteries, corrosion-resistant octyl dyes, and as carbon dioxide adsorbent.
• Anhydrous Lithium Chloride High-purity anhydrous lithium chloride (LiCl) used in production of lithium metal, polyphenylene sulfide, aluminum welding agent, air conditioning desiccant, special cement raw materials, and battery electrolyte production.
• Lithium Metal High-purity metallic lithium (Li) - silvery white soft metal with melting point 180.54°C, boiling point 1342°C, available in ingot, pellet, ribbon, and alloy forms; used in lithium batteries, aerospace, pharmaceutical, and metallurgy industries.
• Spodumene (Lithium Ore Concentrate) Lithium ore resources including Yelonggou Spodumene Mine (169,500 tons Li2O at 1.34% average grade) and Sabi Star Mine in Zimbabwe with average Li2O grade of 1.98%; supplied as lithium concentrate to internal and external processing facilities.
• Brine Lithium (LCE from SDLA) Brine lithium resources from SDLA brine project in Argentina with annual production capacity of 2,500 tons of lithium carbonate equivalent.

Quantifiable outcome

• First carbon-neutral factory achieved by Chengwei Lithium through PAS 2060 certification with 94.74% emission reduction through hydroelectric power and energy efficiency measures

Named customers10 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Five partnerships are on record, tiered core, key and minor.

• STELLAR INVESTMENT PTE. LTD.coreStrategic or Co-development Partner · 11 June 2022Joint venture partner in PT. ChengTok Lithium Indonesia where Chengxin International holds 80% equity. This partnership enabled the construction of the 60,000-ton lithium compounds project in Indonesia's Morowali Industrial Park, the largest overseas lithium extraction project from ore.
• Indonesia Morowali Industrial Park (IMIP)coreOthersHost industrial park for ChengTok Indonesia operations in Morowali, Central Sulawesi Province. ChengTok is one of the key enterprises operating within IMIP, participating in community development and philanthropy through the Sustainable Development Foundation.
• Bureau VeritaskeyImplementation/ SI/ Consulting PartnerInternational inspection and certification group that issued PAS 2060 Carbon Neutrality Verification, ISO14064 Greenhouse Gas Verification, ISO14067 Product Carbon Footprint Verification, and ISO50001 Energy Management System Certification to Chengxin subsidiaries.
• Responsible Minerals Initiative (RMI)keyImplementation/ SI/ Consulting PartnerIndustry organization that conducted the Responsible Minerals Assurance Process (RMAP) audit for ChengTok Indonesia, resulting in RMAP compliance certification.
• Indonesia Morowali Industrial Park Sustainable Development FoundationminorStrategic or Co-development PartnerFoundation organizing charitable initiatives in IMIP. ChengTok Indonesia participates in community programs including orphanage donations and disaster relief through this foundation.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pilbara Minerals: Australian spodumene concentrate producer with comparable lithium ore resource base and direct sales into Chinese battery chains. Comparable upstream lithium miner with similar end markets.
• Ganfeng Lithium: Globally diversified lithium producer with spodumene, brine, and lithium compound operations across China, Argentina, and Africa. Closest direct competitor in product portfolio and geographic footprint.
• Tianqi Lithium: China-based lithium miner and processor with comparable spodumene resources (Greenbushes stake in Australia) and downstream lithium hydroxide/carbonate capacity. Directly comparable vertically integrated Chinese lithium major.
• Yongxing Materials (Yongxing Special Materials): Chinese lithium carbonate producer with Jiangxi-based lepidolite resources and battery-grade lithium chemical production. Comparable Chinese mid-cap lithium chemical producer.
• Sichuan Yahua Industrial Group: Chinese lithium producer with comparable Sichuan-based spodumene resources and lithium hydroxide/carbonate production. Direct peer in domestic Chinese battery-grade lithium chemicals market.
• Mineral Resources: Australian lithium hard-rock miner producing spodumene concentrate, focusing on raw material supply to Chinese converters. Comparable upstream lithium miner with similar Chinese customer base.

Broad incumbents

• Albemarle Corporation: World's largest lithium producer with brines in Chile/Argentina and spodumene in Australia. Although ALB is also a Chengxin customer, the overlap in lithium chemical production makes it a broad incumbent peer.
• SQM (Sociedad Química y Minera): Chile-based global lithium major focused on brine extraction and lithium chemicals. Relevant incumbent peer given Chengxin's SDLA brine operations in Argentina and global lithium compound business.
• Arcadium Lithium (Livent/Allkem): Global lithium chemicals producer formed from Livent and Allkem merger, with brine assets in Argentina and conversion capacity globally. Broader incumbent peer given combined lithium chemicals portfolio.
• China Nonferrous Metal Mining (CNMC) - Lithium arm: State-owned Chinese mining conglomerate with lithium resources and processing operations. Comparable incumbents in the Chinese lithium resource-to-chemicals value chain.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/cxlithium

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Chengxin Lithium