Aluminum Copper Lead

Wanbangda Technology builds 3,000tpy lithium carbon production line for Jintai Lithium

Wanbangda Technology announced that it signed a contract on comprehensive utilization of salt lake resource as well as building, operation and technology service of a 30,000tpy lithium carbonate production line on September 17th with Qinghai Jintai Lithium Co., Ltd. The production line will be invested by Jintai Lithium and built, operated and managed by Wanbangda Technology in accordance with the performance requirements made by two parties. Jintai Lithium will pay building and operation fees to Wanbangda Technology on time. The production and operation fee of the production line, which has a total investment of RMB205.50 million (USD31.79 million), will be calculated based on product volume after it goes into production.