Recently, Jiangsu Jiujiujiu Technology Co., Ltd. obtained a construction project planning permit for an expansion project with a total investment of approximately 2.25 billion yuan, involving an annual production capacity of 35,000 tons of lithium hexafluorophosphate and 10,000 tons of sodium hexafluorophosphate. The project has now entered the full-scale construction phase.

PriceSeek Analysis:
Lithium Hexafluorophosphate, Bull-Bear Score: -1
The expansion project by Jiangsu Jiujiujiu Technology will add an annual production capacity of 35,000 tons of lithium hexafluorophosphate. The anticipated increase in supply is expected to alleviate the current tightness in the lithium battery electrolyte market, exerting a generally bearish influence on spot prices.

Sodium Hexafluorophosphate, Bull-Bear Score: -1
The project will also introduce an additional annual production capacity of 10,000 tons of sodium hexafluorophosphate. The expected growth in supply may put downward pressure on the prices of raw materials for sodium-ion batteries, resulting in a generally bearish impact on spot prices.