Xiamen Tungsten New Energy Kicks Off $3.15 Billion Cathode Material Precursor Project in France with Orano PCAM

Published: Aug 6, 2024 09:13

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[Xiamen Tungsten New Energy's 40,000-ton Major Project Launched] Xiamen Tungsten New Energy announced on August 2 that the company's board of directors had reviewed and approved the investment plan for a 40,000-ton cathode material precursor project in France the previous day. Europe Xiamen Tungsten plans to jointly establish France Xiamen Tungsten New Energy Technology Co., Ltd. with Orano PCAM in France, with Orano PCAM holding a 51% stake and Europe Xiamen Tungsten New Energy holding a 49% stake. Both parties will take the joint venture as the main entity to build a 40,000-ton cathode material precursor project in Dunkirk, Hauts-de-France, France. The total investment for the project construction is estimated to be RMB 3.15 billion (tax included) (the final investment amount will be subject to actual investment).

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