Sunresin New Materials (SHE:300487) will invest 59.7 million yuan for the construction of a lithium carbonate project, according to a Monday after-hours filing with the Shenzhen bourse.
The project has a capacity of 20,000 tons per year, with Sunresin covering lithium carbonate adsorption, membrane system equipment, and process package for a brine technical upgrade, the filing said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.