Tender Launched for Photovoltaic-Charging Station in Shaoxing, Zhejiang; 7.6M Yuan Budget for Heavy-Duty Trucks

On the evening of August 3, Shida Shenghua New Materials Group Co., Ltd. disclosed that its wholly-owned subsidiary plans to invest in the construction of three major projects: a 230,000 tons/year liquid lithium salt project, a 200,000 tons/year electrolyte project, and a 12,000 tons/year additive project. The total investment for the three projects amounts to approximately 2.805 billion yuan. According to the announcement, the 230,000 tons/year liquid lithium salt project will be implemented by Dongying Shida Shenghua New Energy Co., Ltd., with an approved investment of approximately 1.797 billion yuan and a construction period of 24 months. Upon reaching full capacity, the project is expected to produce 150,000 tons/year of DMC liquid lithium salt and 80,000 tons/year of EMC liquid lithium salt annually, along with by-products including hydrochloric acid, dimethyl carbonate, and ethyl methyl carbonate. The project is projected to generate annual operating revenue of approximately 6.086 billion yuan and net profit of about 1.523 billion yuan.

On August 4, Global Lithium (ASX: GL1) announced that its Manna Lithium Project in Western Australia has received approval for its Mining Development and Closure Proposal (MDCP) from the Western Australian Department of Mines, Petroleum and Exploration. The approval was secured slightly ahead of the company’s internal schedule, marking another key milestone in the project’s development. The approved MDCP authorises the commencement of early works and critical site infrastructure, including the development of multiple open pits, an accommodation village, and associated mining facilities. According to the company, the approval further de-risks Manna’s accelerated development pathway and strengthens its integrated Manna–Nova development strategy. Global Lithium is targeting a Final Investment Decision (FID) in the fourth quarter of 2026, with first Direct Shipping Ore (DSO) expected in the second quarter of 2027, followed by first production of SC5.5 spodumene concentrate in mid-2027. Managing Director Dr. Dianmin Chen said the approval represents an important regulatory milestone that further accelerates the company’s path toward production and supports its ambition to become Australia’s next lithium producer.