Chengtun Mining to invest in building 40,000tpy NCM precursor project

Chengtun Mining announced on December 14th that it will establish Fuquan XTC New Energy Technology Co.Asian Metal Copyright The project will have a total investment of RMB1.Asian Metal Copyright, Ltd.Asian Metal CopyrightChengtun Mining announced on December 14th that it will establish Fuquan XTC New Energy Technology Co.Asian Metal Copyright together with XTC New Energy and Cangsheng Investment to build new energy power battery NCM precursor production lines, including the phase one project that has an annual production capacity of 40,000t of new energy battery precursor.Asian Metal Copyright41 million, of which RMB349 million USD50.Asian Metal Copyright The joint venture will have the registered capital of RMB500 million (USD71.Asian Metal CopyrightChengtun Mining announced on December 14th that it will establish Fuquan XTC New Energy Technology Co.Asian Metal Copyright85 million) and XTC New Energy, Chengtun Mining and Cangsheng Investment will contribute 65%, 30% and 5% of the capital.Asian Metal Copyright .Asian Metal Copyright The project will have a total investment of RMB1.Asian Metal Copyright41 million, of which RMB349 million USD50.Asian Metal Copyright165 billion (USD167.Asian Metal Copyright41 million, of which RMB349 million USD50.Asian Metal Copyright41 million), of which RMB349 million (USD50.Asian Metal Copyright The joint venture will have the registered capital of RMB500 million USD71.Asian Metal Copyright15 million) will come from Chengtun Mining calculated based on equity proportion.

.Asian Metal Copyright41 million, of which RMB349 million USD50Asian Metal Copyright