SHANGHAI, Feb 26 (SMM) – Youngy Group’s wholly-owned affiliate, Rongda Lithium, who has a project in Kangding Jiajika spodumene mine, is likely to resume output before the middle of April.
This was confirmed by the agreement signed between Rongda Lithium and the Ganxi Tibetan Autonomous Prefecture government on February 22. The agreement allows Rongda Lithium to develop lithium resources and requires the company to share interest with the government.
Rongda Lithium held a mining license for No. 134 spodumene property in Jaijika mine, the largest spodumene mine in Asia, with an annual mining quota of 1.05 million mt, equating to 23,000 mt of lithium carbonate.