Gansu 200,000 mt LFP Capacity Investment Plan Terminated Due to Market Changes and Financial Pressures

Gansu 200,000 mt LFP Capacity Investment Terminated

Jinpu Titanium announced on April 7 that it decided to terminate the investment plan of its subsidiary Nanjing Titanium Dioxide Chemical Co., Ltd. to jointly invest with Lanzhou Jinchuan Technology Park Co., Ltd. and Gansu Nickel Capital Industrial Investment Fund Limited Partnership in establishing a joint venture. The reason was that changes in the market environment reduced the feasibility of the project, coupled with the financial pressure on Nanjing Titanium Dioxide, which ultimately prompted the company to terminate the investment. The original plan was to build a 200,000 mt/year LFP project.