Tianci Materials Announces Progress on Recycling and Phosphate Iron Projects: 30,000 Tons of Lithium Carbonate + 300,000 Tons of Phosphate Iron

Progress of Tianci materials resources recycling project and phosphate iron project: 30,000 tons of lithium carbonate + 300,000 tons of phosphate iron

Tianci materials recently stated that the resource recycling business is divided into resource lines and recycling lines. The resource line has the integrated processing capability from mining to smelting and purifying lithium carbonate: the annual production of 30,000 tons of lithium carbonate project is one part of it. The first phase of the 300,000 tons of phosphate iron project is expected to be put into production in October 2022, and the second phase is expected to be put into production by the end of 2023. Due to industry demand and the impact of the production line commissioning period, the overall capacity utilization rate is at a relatively low level in 2023. The company will adjust some product sales strategies to expand the core customer base and customer supply ratio. The Tianci phosphate iron project is distributed across three bases in Yichun, Jiujiang, and Yichang, with a total capacity of 350,000 tons. The Tianci phosphate iron lithium project: the Yichun base already has a capacity of 5,000 tons, and the Taizhou base is expected to have a capacity of 100,000 tons for trial production by the end of 2023.