Jiangte Electric announced on the morning of the 29th that the company and Alliance Mineral Assets Limited (Australia and Singapore jointly listed, the company holds a 6.42% stake in the company, hereinafter referred to as "AMAL") signed a "Memorandum of Cooperation": Given that AMAL is Western Australia The owner of the Bald Hill lithium and tantalum mine produces high-grade spodumene concentrate (spodumene); the company is constructing a production line for the production of lithium hydroxide from spodumene. In order to reduce the cost of raw materials and improve the competitiveness of the company's products, The company plans to establish a joint venture with AMAL, each of which has a 50% interest. AMAL is responsible for supplying the spodumene concentrate to the joint venture at a cost price, and the company is responsible for processing the lithium concentrate of the joint venture into lithium hydroxide products. The joint venture will be responsible for the domestic and overseas sales of lithium hydroxide products.
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