Xiamen Tungsten Co., Ltd. announced that its holding subsidiary Xiamen Tungsten New Energy intends to jointly set up a French Xiamen Tungsten New Energy Materials Co., Ltd. (hereinafter referred to as "French Xiamen Tungsten New Energy") with Orano's wholly-owned subsidiary Orano CAM in France as the implementation body of the French annual 40,000-ton ternary material project, with a total investment of 3.961 billion yuan. According to the announcement, the project is located in Dunkirk, Hauts-de-France region, France, and the construction period is about 44 months, which is completed in two phases. The final completion of the production workshop with an annual output of 40,000 tons of positive ternary materials. The first phase of 20,000 tons of positive material capacity is expected to be completed and trial production in the fourth quarter of 2025, and the second phase is expected to be completed in the third quarter of 2027.