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Print[Ferro-Alloys.com] On the morning of 17th July, Hunan Ruixiang power battery production base has held the ceremony for breaking ground in Lingling district, the total investment for the project is RMB1billion. For the first phase of the project, the company would invest RMB0.6billion and aims to build a lithium manganate industry chain, and produces lithium manganate, electrolytic manganese dioxide, high purity sulfated manganese and manganic manganous oxide. The investment for the second phase is RMB0.4billion and would build a production line for 5,000 tonnes of nickel cobalt lithium manganate. The expected industrial output value would be RMB3billion and achievable tax would be RMB0.3billion. The project would offer 600 jobs and promote the development of relevant upstream industry.
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