Shengtun Mining Industry and Xiamen Tungsten New Energy sign Strategic Cooperation Framework Agreement

SMM6 March 4: recently, Shengtun Mining announced that the company signed a strategic cooperation framework agreement with Xiamen Tungsten New Energy Materials Co., Ltd. Shengtun Mining has experience and advantages in the development of non-ferrous metal resources at home and abroad, and has high-quality cobalt, nickel and other mines and raw material production resources; Party B has the advantages of R & D and manufacturing of lithium cobalt, ternary materials and precursors. At present, the production and sales of lithium-ion battery materials are in the leading level in the industry. It is expected that there will be a large production expansion plan in the future, and there is a huge demand for cobalt, nickel and lithium metals.

Xiamen Tungsten New Energy was separated from its parent company Xiamen Tungsten Industry in December 2016. its main business is the R & D, manufacture and sales of functional materials for new energy batteries, such as lithium ion battery cathode materials. the products cover a series of new energy materials such as lithium cobalt oxide, ternary materials, precursors, lithium manganate, lithium iron phosphate and high nickel materials. At present, the production and sales of lithium-ion battery materials are in the leading level in the industry, and it is expected that there will be a large production expansion plan in the future, and there is a huge demand for cobalt, nickel and lithium metals. Shengtun Mining Industry has experience and advantages in the development of non-ferrous metal resources at home and abroad, and has high-quality cobalt, nickel and other mines and raw material production resources.

Shengtun Mining said that according to the agreement, the two sides will establish closer strategic cooperation, give full play to their respective advantages, realize the effective integration and optimal allocation of their high-quality assets, business and talents, and strengthen the combination of the upper and lower reaches of the industrial chain. enhance core competitiveness and further stabilize their market share in the field of new energy metals.

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