Recently, Guangxi Zhiliang New Materials Co., Ltd., introduced the development of its lithium battery scrap recycling industry. It is reported that the first phase of the project started trial production in July,2023, with over 160 employees on the production lines. After the completion of the first and second phases of the project, and it is expected to produce about 8,000 tons of lithium carbonate, over 60,000 tons of nickel sulfate solution, and over 20,000 tons of cobalt sulfate solution annually. The annual output value is about Yuan 3.5 billion, and the annual tax revenue is about Yuan 120 million. At present, the first phase of the project has been fully completed, and the second phase of the project is expected to start construction by the end of 2023.
Edited by Cassie Li, lixiangying@mysteel.com