According to news on August 21, Hunan Leaguer Hope Technology Co., Ltd. held an investment signing ceremony that day with the People's Government of Gulin County, Luzhou City, Sichuan Province, for a lithium battery materials recycling project.
The project entails a total investment of approximately Yuan 5 billion and will be sited in the Gulin Economic Development Zone. It will be constructed in two phases to build an annual production line capable of producing 60,000 tonnes of lithium-containing ternary precursors and 20,000 tonnes of MHP refining capacity. Upon full completion and ramp-up, the project is expected to generate annual sales revenue of over Yuan 7 billion and annual net profit of Yuan 500 million. This marks a milestone project in Leaguer Hope's strategic layout in Southwest China and a critical step toward the company's goal of achieving RMB 10 billion in output value.
Edited by Cassie Li, lixiangying@mysteel.com
