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New Energy News Roundup_SMM | Shanghai Non ferrous Metals


A weekly update on the trending stories from the New Energy sector. 
SHANGHAI, Jul 19 (SMM) - A weekly update on the trending stories from the New Energy sector. 
1.
EVE Energy plans to acquire a 28.125% stake in
Jin Kunlun Lithium Industry and has signed an agreement of Investment. A joint venture company will be built in Qinghai with a phased investment of no more than 1.8 billion yuan to construct a project with an annual capacity of 30,000 mt of lithium carbonate and lithium hydroxide. The first phase will have an annual capacity of 10,000 mt of lithium carbonate and lithium hydroxide. Jin Kunlun, whose main business is lithium metal, has a planned annual capacity of 3,000 mt and existing capacity of 1,000 mt.  ....

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Tesla Secures Huge Lithium Deal For Its Batteries With a Major Chinese Supplier


Tesla Secures Huge Lithium Deal For Its Batteries With a Major Chinese Supplier
This morning China s Sichuan Yahua Industrial Group Co. announced that the company and Tesla have signed a major deal according to which Sichuan Yahua Industrial Group Co. will supply battery-grade lithium hydroxide to Tesla Inc. for the next five years. Lithium is a key battery ingredient.
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Sichuan Yahua Industrial Group Co. is an industrial group headquartered in Chengdu, capital of Sichuan Province, China. The company didn t release much information about the magnitude of its battery-grade lithium deal with Tesla. However, in a filing to the Shenzhen Stock Exchange, Yahua put the total value of its lithium contract with electric car maker Tesla at $630 million to $880 million over 2021-25, according to Reuters. ....

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