Weiming Environment announces RMB19.1 billion joint investment in lithium battery materials project
2022-08-05 16:32:10 [Print]
Weiming Environment announced on August 4 that it has entered into a joint investment agreement with Chengtun Mining, Yongqing Technology and Sunwoda to build a Li-ion battery materials production base in Wenzhou for up to RMB19.1 billion (USD2.83 billion). The proposed production base will produce high-nickel matte, high-nickel NCM precursor and high-nickel cathode material, with an annual production capacity of 200,000tpa of high-nickel NCM.
Weiming Environment will invest up to RMB3.45 billion (USD511 million) in the project. A joint venture will be set up to develop the project, with additional capital injection subject to project process.
Weiming Environment will invest up to RMB3.45 billion (USD511 million) in the project. A joint venture will be set up to develop the project, with additional capital injection subject to project process.
Nickel Ore Philippine 0.8%min CIF China
Unit:USD/mt
China refined nickel producers' inventory statistics by province by month
Unit: mt
