Jiangxi Shenghua to establish joint venture to produce LFP raw materials

Fulin Precision's subsidiary, Jiangxi Shenghua, entered into a "Project Investment Cooperation Agreement" with Phosphate Group and Borui Mining.Asian Metal Copyright54 million, representing a 40% equity stake.Asian Metal Copyright The parties plan to establish a joint venture company that will develop an integrated project with a production capacity of 200,000tpy of lithium dihydrogen phosphate, supported by a 100,000tpy thermal phosphoric acid facility.

The project is expected to require a total investment of RMB3 billion (USD441.30 million).Asian Metal Copyright The initiative is designed to secure upstream raw material supplies for the company's lithium iron phosphate operations, thereby strengthening its core competitiveness in the sector.Asian Metal Copyright The target company will have a registered capital of RMB400 million (USD58.Asian Metal Copyright30 million.Asian Metal Copyright84 million), of which Jiangxi Shenghua will contribute RMB160 million (USD23.Asian Metal Copyright The target company will have a registered capital of RMB400 million USD58.Asian Metal Copyright54 million), representing a 40% equity stake.Asian Metal Copyright The parties plan to establish a joint venture company that will develop an integrated project with a production capacity of 200,000tpy of lithium dihydrogen phosphate, supported by a 100,000tpy thermal phosphoric acid facility.Asian Metal Copyright The initiative is designed to secure upstream raw material supplies for the company's lithium iron phosphate operations, thereby strengthening its core competitiveness in the sector.

.Asian Metal Copyright84 million, of which Jiangxi Shenghua will contribute RMB160 million USD23Asian Metal Copyright