According to the announcement of Jiangsu Jiuwu Hi-Tech Co.Ltd(300631) , recently, the company signed the general contract for design, equipment supply and installation of 1000 ton lithium chloride project with Jinhai lithium industry (Qinghai) Co., Ltd. (hereinafter referred to as “Jinhai lithium industry”), with a total contract price of 65 million yuan, including 13% value-added tax.
The company said that lithium chloride is mainly used to produce metal lithium, which is an important material for the next generation of lithium batteries. If the lithium chloride project contract is successfully implemented, it will help to verify the feasibility of the company’s “adsorption + membrane method” raw brine extraction process of lithium chloride, and further improve the company’s R & D and application level and business undertaking ability in the field of lithium extraction from salt lakes, It has a certain positive impact on the operation and development of the company. The performance of this contract is not expected to have a significant impact on the company’s business, operational independence and financial status.
