On November 13, FFSPG HI-TECH CO., LTD. announced that the company plans to jointly establish a project company with Zijin Mining's subsidiary Zijin Liyuan, Xiamen Zijin Mining & Metallurgy Technology Co., Ltd., and Guangdong Guangxin Innovation Research Institute to invest in and construct a pilot-scale battery-grade lithium sulfide project.
The project company will have a registered capital of Yuan 100 million, with Foshan Plastics Technology contributing Yuan 5 million, representing a 5% equity stake. The total planned investment for the project is Yuan 113 million, aiming to build a 100-tonne-per-year lithium sulfide production line. The project will primarily focus on the research, development, production, and operation of high-purity battery-grade lithium sulfide products. This investment constitutes a connected transaction and is not expected to have a significant impact on the company's future financial condition or operating results.
Edited by Cassie Li, lixiangying@mysteel.com
