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Sinochem News Network News On November 7, Hubei Xingfa Chemical Group Co.
, Ltd.
and Zhejiang Huayou Cobalt Industry Co.
, Ltd.
signed a strategic cooperation agreement in Yichang.
The two parties will work together on the entire industrial chain of new energy lithium battery materials and cooperate in Yichang.
Invest in the integrated industries of phosphate mining, phosphorus chemical industry, wet-process phosphoric acid, iron phosphate and lithium iron phosphate, and plan to build 500,000 tons/year iron phosphate, 500,000 tons/year lithium iron phosphate and related supporting projects
.
Chen Xuehua, chairman of Huayou Cobalt, said that the owner’s business of Huayou Cobalt is the research and development, manufacturing, and sales of new energy materials for lithium batteries.