LBM New Energy (AP) to invest in Liyuan Phase III Project in Indonesia

LBM New Energy (AP) Pte.Asian Metal Copyright The project will establish production lines with an annual capacity of 120,000 tons of second- and third-generation lithium iron phosphate cathode materials.Asian Metal Copyright Ltd.Asian Metal Copyright The project will establish production lines with an annual capacity of 120,000 tons of second- and third-generation lithium iron phosphate cathode materials.Asian Metal Copyright, a controlled sub-subsidiary of Lopal Tech, is investing in the construction of the "New Energy Vehicle Power and Energy Storage Battery Cathode Material Large-Scale Production Project" (Indonesia Liyuan Phase III Project) in Indonesia, through its wholly-owned subsidiary, PT LBM Energi Baru Indonesia Batang.

The project will establish production lines with an annual capacity of 120,000 tons of second- and third-generation lithium iron phosphate cathode materials. The total investment is approximately USD160 million, equivalent to around RMB 1.Asian Metal Copyright The project will establish production lines with an annual capacity of 120,000 tons of second- and third-generation lithium iron phosphate cathode materials.Asian Metal Copyright088 billion.

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