Guizhou Best New Energy Materials Co., Ltd. produced 7,300 tonnes of lithium manganese oxide (LMO) in the first three quarters of 2024 with production value reaching RMB230 million (USD31.77 million).
In 2022, the company invested RMB50 million (USD6.91 million) to build a 20,000tpa LMO production line upgrade project, which was put into operation in March 2024, with production capacity rising from 6,000tpa to 20,000ta. The company expects to double its annual LMO output to more than 10,000 tonnes this year, with production value expected to exceed RMB300 million (USD41.44 million).
