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Sinochem News Xia Tungsten New Energy announced that the company and the Ya'an Economic and Technological Development Zone Management Committee signed the "Letter of Intent for Investment in Lithium Ion Cathode Material Project" on September 16
.
The company plans to invest in the construction of a lithium-ion cathode material project in the Ya'an Economic Development Zone.
It is estimated that the investment intention will not be less than 10 billion yuan, and it will invest in the construction of 100,000 tons of lithium iron phosphate and 60,000 tons of ternary materials
The project will be constructed in phases.
Among them, the first phase of the lithium iron phosphate project will have an annual output of 20,000 tons, and the estimated investment will be no less than 1.
2 billion yuan.
The construction period will be 2 years.
It is expected to be put into operation in 2023; The production is 20,000 tons, and the estimated investment is not less than 2.
2 billion yuan (including the construction of a 10,000-ton nickel-cobalt smelting workshop and a 20,000-ton ternary material workshop for battery recycling).
The construction period is 3 years and it is expected to be put into operation in 2024
.
Subsequent investment arrangements will be constructed in a timely manner based on market conditions and the construction progress of the first phase of the project
.
