Lb Group Co.Ltd(002601) : the company has built a 160000 T / a phosphoric acid project, which will rapidly promote the exploration and development of lithium mine project in Tanzania

After AI express, investors ask questions on the investor interaction platform: phosphorus chemical enterprises have also entered the lithium iron phosphate track by taking advantage of their own phosphate rock. Have you considered acquiring phosphate rock and improving the industrial chain?

Lb Group Co.Ltd(002601) ( Lb Group Co.Ltd(002601) . SZ) said on the investor interaction platform on April 16 that the company relies on advantageous resources to layout the new energy industry, draws lessons from the successful experience of titanium dioxide industry, and penetrates the whole industry chain and integration into the lithium battery material project to form a whole industry chain with the coupling development of titanium industry and lithium battery industry, which is a model of efficient integration of the two industries. By increasing R & D investment and introducing high-end talents, the company has accumulated advanced large-scale production technology of iron phosphate, lithium iron phosphate and graphite negative electrode. At the same time, the company’s existing raw material supply system can effectively support the company’s new energy development strategy. The company’s waste by-product ferrous sulfate and surplus capacity, caustic soda, sulfuric acid, steam and hydrogen, etc. can be directly or indirectly used in the production of positive and negative materials of lithium batteries to reduce production costs, The company has built 160000 T / a phosphoric acid project. The company will rapidly promote the exploration and development of lithium projects in Tanzania, and continue to find suitable target lithium resources outside China to provide raw material guarantee for the company’s new energy projects.

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