Tinci Materials to set up lithium battery cathode material subsidiary in Morocco
2023-06-28 11:31:35 [Print]
Tinci Materials has announced plans to set up a management unit in Morocco through its wholly-owned subsidiary Tinci Singapore, and the Morocco-based management unit will then set up its 100% owned entity company engaged in the production and sales of lithium battery cathode material. Total investment is no more than USD280 million and comes from its own funds
Tinci Materials said that setting up a subsidiary in Morocco which holds rich phosphate-rock reserves will help the company to advance its lithium battery cathode material project, so as to provide better service and gain access to the European market.
Tinci Materials said that setting up a subsidiary in Morocco which holds rich phosphate-rock reserves will help the company to advance its lithium battery cathode material project, so as to provide better service and gain access to the European market.
Lithium Iron Phosphate Li 3.9%min Delivered China
Unit:RMB/mt
China's ithium iron phosphate producers' inventory to production ratio statistics by province by month
Unit: %
