Mianyang Fulin Precision Approves Investment in Lithium Dihydrogen Phosphate Project

MT Newswires Live

06/24

Mianyang Fulin Precision (SHE:300432) directors approved a 160-million-yuan investment by subsidiary Jiangxi Shenghua New Materials for a lithium dihydrogen phosphate project, according to an after-market filing on Tuesday in Shenzhen.

The 3-billion-yuan project has an expected annual output of 200,000 tons with a supporting 100,000-ton thermal phosphoric acid project.

The downstream lithium carbonate to lithium dihydrogen phosphate section will be completed by March 2027, while the upstream lithium concentrate to lithium sulfate section is slated for completion before September of the same year.

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