24
Aug
18:15
LITHIUM: Hainan Mining to build hydroxide plant in China
Chinese iron ore company Hainan Mining is investing CNY 1.06 billion ($164 million) to enter the lithium hydroxide market, boosted by growing electric vehicle demand.
The miner said in an exchange announcement on 23 August it will build a facility in Dongfang, in its home province of Hainan, southern China. The plant will produce 20,000 tonnes/year of lithium hydroxide. Construction is estimated to take 18 months, Kallanish reports.
The decision to invest in the…
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