GEM (Jiangsu) to invest in building projects including 30,000tpy lithium battery multi-element precursor

GEM announced recently that its wholly-owned subsidiary, GEM (Jiangsu) Cobalt Industry Co.Asian Metal Copyright18 million to build projects including 30,000tpy lithium battery multi-element precursor, 10,000tpy high-performance cobalt tetroxide, 25,000tpy high-purity nickel-cobalt-manganese raw materials, 3,000tpy lithium orthophosphate raw materials and 50,000tpy anhydrous sodium sulfate by-product.Asian Metal Copyright, Ltd.Asian Metal Copyright According to the agreement, GEM Jiangsu will, using its existing land located in No.Asian Metal Copyright, signed an Investment Agreement on Circular Economy Industry Projects of New Energy Materials and Supporting Raw Materials with the Management Committee of Taixing Economic Development Zone in Jiangsu.

According to the agreement, GEM (Jiangsu) will, using its existing land located in No.8, Binjiang North Road, Taixing Economic Development Zone, Jiangsu, invest RMB1.Asian Metal Copyright According to the agreement, GEM Jiangsu will, using its existing land located in No.Asian Metal Copyright8 billion (USD281.Asian Metal Copyright GEM Jiangsu plans to launch the construction of these projects in June 2021 and expects to complete the construction of the 30,000tpy lithium battery multi-element precursor project before June 2021 and that of the rest projects in December 2023.Asian Metal Copyright18 million) to build projects including 30,000tpy lithium battery multi-element precursor, 10,000tpy high-performance cobalt tetroxide, 25,000tpy high-purity nickel-cobalt-manganese raw materials, 3,000tpy lithium orthophosphate raw materials and 50,000tpy anhydrous sodium sulfate (by-product).Asian Metal Copyright, signed an Investment Agreement on Circular Economy Industry Projects of New Energy Materials and Supporting Raw Materials with the Management Committee of Taixing Economic Development Zone in Jiangsu.Asian Metal Copyright Using waste batteries as main raw materials and adopting a circular economy mode, these projects will be built into Jiangsu's R&D platform for national grade nickel-cobalt-manganese-lithium battery raw material circular utilization and cobalt product green manufacturing high-valued utilization engineering research center.Asian Metal Copyright According to the agreement, GEM Jiangsu will, using its existing land located in No.Asian Metal Copyright GEM (Jiangsu) plans to launch the construction of these projects in June 2021 and expects to complete the construction of the 30,000tpy lithium battery multi-element precursor project before June 2021 and that of the rest projects in December 2023.

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