"【Approval of 20 Billion Battery Recycling Wet Process Project】Recently, Anhui Weijing New Materials Technology Co., Ltd. released the Environmental Impact Assessment Report for the "Retired Lithium Battery Material Resource Recycling and Reutilization Project (Phase I)", which has been approved for public scrutiny. The project, once completed, will be capable of processing 20,000 tons of retired ternary lithium-ion batteries annually. The total investment in the project is 20.5 billion RMB, covering an area of 280 acres. The project will be constructed in two phases, with the first phase requiring an investment of 5.2 billion RMB and occupying an area of 80 acres.

In the first phase, the project will process 20,000 tons of retired ternary lithium batteries annually, with the main products being cobalt sulfate, nickel sulfate, manganese sulfate, lithium carbonate, and ternary precursor materials. The comprehensive recovery efficiencies for nickel, cobalt, manganese, and lithium are 98.16%, 98.20%, 98.01%, and 87.40%, respectively.

In April 2023, the project received the Energy Saving Review Opinion for Administrative Licensing Decision, and in July 2023, it obtained the Construction Land Planning Permit."