Samsung SDI Signs 3-Year Long-Term Agreement With Korean Company For LFP Cathode Material Supply

On March 17, an environmental protection technology company in Yangquan proposed the construction of the "Annual 120,000-ton Spent New Energy Power Battery Comprehensive Utilization Project." Phase I of the project involves the dismantling and crushing of 20,000 tons of spent new energy power batteries and the cascade utilization of 5,000 tons of spent new energy batteries.

On March 16, the Longwan District Bureau of Ecology and Environment released the environmental impact assessment public notice for the "Spent Power Battery Dismantling and Standardized Cascade Utilization Project" undertaken by a battery energy company in Wenzhou. The project primarily involves battery assembly processes. It will add an annual capacity for cascade utilization of 5,000 tons of spent lithium-ion batteries, which are primarily used for base station backup power and energy storage systems.

On March 20, in accordance with the relevant provisions of the environmental impact assessment approval process for construction projects, the Jiujiang Municipal Bureau of Ecology and Environment planned to accept the environmental impact assessment documents for the "Ruichang City Lithium New Energy Battery Material Regeneration Production Project" undertaken by a company in Jiangxi. The core content of the project is to construct a comprehensive project for the precise recycling and regeneration of spent lithium battery materials, with a planned annual processing capacity of 38,000 tons of spent lithium-ion batteries. This includes 2 precise dismantling and material regeneration lines for lithium iron phosphate, with an annual processing capacity of 20,000 tons;