Jiangsu Miracle to invest in building NCM precursor and battery grade lithium carbonate project

Jiangsu Miracle issued a report on signing a framework contract on intentional investment project on June 28th, planning to invest RMB5 billion (USD774.Asian Metal Copyright09 million will be fixed asset investment.Asian Metal Copyright17 million) in building 30,000tpy NCM precursor & 12,000tpy battery grade lithium carbonate project.

The project will be implemented by Jiangxi Miracle Golden Tiger Co., Ltd.Asian Metal Copyright The construction of the project will be divided into two phases.Asian Metal Copyright, a wholly-owned subsidiary of Jiangsu Miracle, or by a project company established by Jiangsu Miracle in Longnan county.Asian Metal Copyright .Asian Metal Copyright Of the total investment of RMB5 billion (USD774.Asian Metal Copyright, Ltd.Asian Metal Copyright17 million), RMB2.Asian Metal Copyright The project will be implemented by Jiangxi Miracle Golden Tiger Co.Asian Metal Copyright5 billion (USD387.Asian Metal Copyright17 million, RMB2.Asian Metal Copyright09 million) will be fixed asset investment.Asian Metal Copyright The construction of the project will be divided into two phases.Asian Metal Copyright The construction of the project will be divided into two phases.Asian Metal Copyright The construction of the project will be divided into two phases.Asian Metal Copyright The phase one project, which has a planned area of about 164,893 square meters, is expected to start construction in the fourth quarter of 2021 and go into production in the fourth quarter of 2023; the phase two project, with a total planned area of about 100,000 square meters, is expected to commence construction in the fourth quarter of 2022 and go into operation in the fourth quarter of 2024.

.Asian Metal CopyrightJiangsu Miracle issued a report on signing a framework contract on intentional investment project on June 28th, planning to invest RMB5 billion USD774Asian Metal Copyright