Huiyun Titanium Industry Announces Termination of 100,000 tons/year Phosphate Iron Project Due to Changes in Market Environment and Upstream Raw Material Supply

【Termination of the 100,000 tons/year Phosphate Iron Project】 Recently, Huiyun Titanium Industry has released a proposal to terminate the construction of the annual production of 100,000 tons of new energy material phosphate iron project, effectively halting the construction of the aforementioned project.

The project was expected to invest 630 million yuan with a construction cycle of 12 months. As of now, the project has obtained the project registration certificate, the planning permit for construction land, and the land use right for the project land, with an investment of 30.31 million yuan already made.

Regarding the reasons for terminating the project construction, Huiyun Titanium Industry mentioned in the announcement that there have been new changes in the market environment of China's new energy materials and the market supply and demand situation of upstream raw materials for new energy batteries.