Yongxing Materials has announced plans to raise up to 1.1 billion yuan (around $154.9) to expand its production capabilities in the lithium battery materials sector. The funds will be directed towards a new project for producing 20,000 tons annually of battery-grade lithium carbonate and enhancing the mineral processing capacity for lithium ore to 1.8 million tons per year. This initiative will be spearheaded by Jiangxi Yongxing New Energy, a wholly-owned subsidiary, with each project expected to take 12 months to complete.
The strategic investments are intended to solidify Yongxing Materials' foothold in the lithium. . .
