[SMM New Energy News Flash] Tianyuan Co. announced that its subsidiary Mabian Wuqiong Mining’s 900,000-ton/year Dingjia Phosphate Mine (Phase II) project has passed expert acceptance for safety facilities and entered trial production. The project, with a total investment of RMB 179 million and an estimated annual net profit of RMB 30.6 million, will provide raw material security for the company’s lithium iron phosphate (LFP) cathode material integration strategy. This development is expected to enhance Tianyuan’s overall performance and long-term competitiveness, while accelerating its “chlorine-titanium-phosphorus-iron (lithium)” circular industrial chain. In recent years, Tianyuan has expanded from its chlor-alkali base into new chemical materials and advanced battery materials, with LFP becoming a key growth driver. In 2024, the company achieved zero breakthrough in LFP production with 24,800 tons output, generating RMB 543 million in revenue (4.06% of total). Its 100,000-ton LFP cathode project is being built in phases, with one 50,000-ton line already operational and another expected by mid-2025. Subsidiary Tiancheng Lithium is also developing additional 100,000-ton capacity, with a long-term target of 300,000 tons/year. Notably, Tianyuan has successfully entered CATL’s supply chain, strengthening its customer base.