According to "Longyan Release," the battery-grade lithium carbonate project with an annual production capacity of 25,000 mt, located in the Jiaoyang New Materials Industrial Park of Shanghang Industrial Park, Fujian, has reported new progress. The project is advancing smoothly and has now entered the ground construction phase.
It is reported that the project is invested and constructed by Zijin Lithium Technology Co., Ltd., a wholly-owned subsidiary of Zijin Mining (601899). Covering an area of 80 mu with a total investment of 265 million yuan, the project is scheduled to be completed and put into operation by December 2025. Relying on lithium carbonate resources from Zijin Mining's Argentina 3Q salt lake and other industrial-grade lithium carbonate resources, the project adopts advanced and environmentally friendly carbonisation + resin impurity removal processes to produce battery-grade lithium carbonate, which will be applied to the company's self-produced LFP products. This will help improve product consistency and qualification rates. Once full production is reached, the annual production capacity will reach 25,000 mt, with an estimated annual revenue of 1.991 billion yuan.
