Dazhong Mining partners with Wanhua Battery Materials on 200ktpa lithium salt project
2026-03-24 16:03:39 [Print]
Dazhong Mining Co., Ltd. plans to enter into an investment agreement with the Administrative Committee of Meishan High-tech Industrial Park and Wanhua Chemical (Sichuan) Battery Materials Technology Co., Ltd., to jointly develop a lithium salt project with an annual capacity of 200,000 tonnes in Meishan, Sichuan.
The project will be developed in three phases, comprising 30,000tpa in Phase I, 70,000tpa in Phase II, and 100,000tpa in Phase III. Total investment for the first two phases is estimated at RMB2.2 billion (USD319 million), while Phase III will be financed through cash flow generated from earlier stages.
To facilitate implementation, Dazhong Mining and Wanhua Battery Materials intend to establish a joint venture to develop Phase I of the project. The JV will have a registered capital of RMB300 million (USD43.52 million), with Dazhong Mining holding an 80% stake through a RMB240 million (USD34.81 million) contribution, and Wanhua Battery Materials holding the remaining 20% with an investment of RMB60 million (USD8.7 million).
The project will be developed in three phases, comprising 30,000tpa in Phase I, 70,000tpa in Phase II, and 100,000tpa in Phase III. Total investment for the first two phases is estimated at RMB2.2 billion (USD319 million), while Phase III will be financed through cash flow generated from earlier stages.
To facilitate implementation, Dazhong Mining and Wanhua Battery Materials intend to establish a joint venture to develop Phase I of the project. The JV will have a registered capital of RMB300 million (USD43.52 million), with Dazhong Mining holding an 80% stake through a RMB240 million (USD34.81 million) contribution, and Wanhua Battery Materials holding the remaining 20% with an investment of RMB60 million (USD8.7 million).
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