On March 9, Tinci Materials announced that, in accordance with the company's strategic development plan for lithium-ion battery materials, it plans to construct a new energy materials industrial park in Yichang City, Hubei Province, through its subsidiary, Tinci Materials (Hubei) Co., Ltd. The construction includes projects with an annual output of 1 million tonnes of iron sources and 300,000 tonnes of iron phosphate, with a total estimated investment not exceeding Yuan 2.1 billion.
The implementation of this project will further strengthen the company's strategic positioning in lithium-ion battery materials.
Edited by Cassie Li, lixiangying@mysteel.com
