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Closed circulate project of Dongfang Titanium still in early stage of feasibility demonstration

CNNC Hua Yuan Titanium Dioxide announced on January 25 that the company's subsidiary Dongfang Titanium is planning a closed circulate project with an output value of nearly RMB30 billion (USD4.64 billion) mainly based on new materials like lithium iron phosphate. The project is still in the early stage of feasibility demonstration. The specific implementation plan of the project has not been determined, and there is still great uncertainty about whether the project can be successfully implemented.