November 18, Dilute Resources (09936.HK), a tantalum-niobium metallurgical product manufacturer, announced that dilute Resources (HK), a wholly-owned subsidiary of the company, entered into a joint venture agreement with Guangdong Yuanwei, Hainan Aosi, Mr. Gao and Hainan Jingxingda on the same day.
According to the agreement, the registered capital of the joint venture company is RMB 200 million. Ximei Hong Kong co., LTD., Guangdong Yuanwei Co., LTD., Hainan Ausi Co., LTD., Mr. Gao and Hainan Jingxingda Co., Ltd. will respectively invest approximately RMB 37.3 million yuan, RMB 99.5 million yuan, RMB 50 million yuan, RMB 12.2 million yuan and RMB 1 million yuan into the joint Venture Company. Accounting for 18.66%, 49.75%, 25.0%, 6.09% and 0.5% of the registered capital of the joint venture company respectively.
The announcement shows that the joint venture company will build an annual output of 50,000 tons of battery-grade lithium salt recycling economic industrial park in Sichuan Province, the main product for the important material of lithium battery- lithium salt. The project will be built in two phases, with an annual output of 23,000 tons of battery-grade lithium salts in the first phase and 27,000 tons in the second phase.
Ximei resources said that this entry into the lithium battery core raw material industry will help the company to open up a new strategic track on the basis of the original advantages of the industry, become an important driving force for the company's future business growth and competitiveness.
Ximei resources cross-border layout of battery grade lithium, industrial advantages can not be ignored. It is reported that the company is one of the few enterprises with the ability to produce wet tantalum and niobium products with purity as high as 99.995%. Niobium products, one of its main products, have been widely used in lithium ion battery materials. For example, as a positive electrode doping material, niobium plays an important role in improving electronic conductivity and stability. At present, the company's production of niobium oxide for batteries has formed a large-scale sales, and accumulated good customer resources. At the same time, tantalum-niobium ore and lithium ore are largely associated minerals, and the company also has obvious advantages in obtaining lithium ore. In addition, the company has a good synergistic effect with the lithium project in the supply chain and the customer side, which will help the project achieve greater development.
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