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On November 19, Longbai Group announced that it had signed a "Strategic Cooperation Agreement" with Australia East Zirconium Resources Co.
According to the agreement, Longbai Group will assist Australia East Zirconium to expand its titanium and zirconium business in Australia, and Australia East Zirconium aims to integrate a seashore titanium zirconium placer project with an annual production of 1 million tons of titanium and zirconium heavy minerals within 5 years
Under the same conditions, Longbai Group will preferentially choose Australia East Zirconium as the supplier of Australian titanium zirconium ore in the future, and Australia East Zirconium will give priority to guaranteeing the supply of Longbai Group.