Yongxing Materials and Ningde Times signed a joint venture agreement to plan and build a lithium carbonate project with an annual capacity of 50,000 tons.

Yongxing material announcement, the company and Ningde Times signed a "joint venture agreement", the company and Ningde Times will set up a joint venture company in accordance with the agreement, and the joint venture company as the main body to invest in the construction of lithium carbonate project, the total investment amount of the project is not more than 2.5 billion yuan, planning and construction of an annual capacity project of 50, 000 tons of lithium carbonate; first-phase investment in the construction of an annual capacity project of 30, 000 tons of lithium carbonate, with a total investment of no more than 1.5 billion yuan; After the first phase of the project reaches production, start the construction of surplus production capacity. In addition, the company and Ningde Times will also cooperate on the company's lithium carbonate products.

Tianyan survey data show that Yongxing Special Materials Technology Co., Ltd. is a professional enterprise engaged in the research and development, production and sales of stainless steel rod and wire rod. Its products are mainly austenitic stainless steel rod and wire. Among the domestic stainless steel long steel production enterprises, the market share of the company has ranked in the top three for four consecutive years since 2004, among which the domestic market share of stainless steel bars for tube billets has ranked first in the industry for two consecutive years since 2006. the company has become one of the leading enterprises in the domestic stainless steel long steel industry.