Lopal Tech to develop 80ktpa iron phosphate precursor project
2023-08-03 11:27:57 [Print]
Lopal Tech plans to invest in an iron phosphate precursor project with a production capacity of 80,000 tonnes per annum in Heze, Shandong through its subsidiary Shandong Liyuan Technology Co., Ltd.
Shandong Liyuan will use its own funds to finance the project, with total investment estimated at RMB500 million (USD69.56 million), including RMB420 million (USD58.43 million) for construction and RMB80 million (USD11.13 million) as working capital. The project has a planned construction period of about 10 months and is expected to commence production in the first half of 2024. Construction of the project has not yet started.
Shandong Liyuan will use its own funds to finance the project, with total investment estimated at RMB500 million (USD69.56 million), including RMB420 million (USD58.43 million) for construction and RMB80 million (USD11.13 million) as working capital. The project has a planned construction period of about 10 months and is expected to commence production in the first half of 2024. Construction of the project has not yet started.
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: %
