Chinese lithium-ion battery anode material producer Xinjiang Ruitan has officially begun the construction of a major new facility in Khorgos, Xinjiang. The plant is designed to reach a production capacity of 100,000 tons per year (t/yr) of anode materials, with the initial phase set to produce 50,000 t/yr. The first phase of construction commenced on August 28, and Ruitan expects to start production by May of the following year.
Resource Utilization and Market Position
Xinjiang’s rich supply of photovoltaic power and petroleum coke is expected to play a crucial role in supporting the new plant's operations, providing both energy and feedstock. This strategic advantage aligns Ruitan with broader industry trends. In addition to Ruitan, competitor Yuexing is also advancing in Xinjiang, with a new plant in Korla city boasting a capacity of 200,000 t/yr. Yuexing’s operations will utilize resources from local suppliers, including petroleum coke from the Xinjiang Tahe Refining plant and photovoltaic power from Xinjiang Ruibao Qianyuan Power.
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