Is xiamen tungsten new energy an energy storage company

What is Xiamen tungsten doing?

Xiamen Tungsten's unit plans to produce 100,000t of lithium iron phosphate and 60,000t of ternary materials annually. China-based XTC New Energy Materials is planning to invest at least $1.55bn (CNY10bn) in a lithium battery materials project in Sichuan province. How is the Mining industry adopting electric technologies?

Who is XTC new energy materials (Xiamen)?

About-XTC New Energy Materials (Xiamen) Co.,LTD. XTC New Energy (XTC) is an all-in-one enterprise which includes R&D, production and sales of all range of cathode materials.

What is XTC new energy doing with Yaan?

Yaan is currently a lithium production base for China’s Sichuan Yahua Industrial Group, which is a supplier of battery-grade lithium hydroxide to US electric vehicle (EV) manufacturer Tesla. XTC New Energy’s proposed project is planned to be developed in phases.

How much does XTC new energy's lithium phosphate project cost?

XTC New Energy’s proposed project is planned to be developed in phases. Phase I of the project will have a capacity of 20,000tpa for lithium iron phosphate and 20,000tpa for ternary materials. Estimated to cost $190m (CNY1.2bn), the lithium iron phosphate component is planned to be commissioned in 2023.

What is tungsten & molybdenum used for?

It also provision of tungsten powder, wire, and cemented carbide deep; magnetic materials; molybdenum products, such as aluminum and aluminum alloys used in electric light sources, electric vacuum, semiconductors, optoelectronics, mechanical processing and other fields.

How much cobalt tetroxide will CNGR supply to XTC new energy?

According to the agreement, CNGR will supply between 20,000tpa and 25,000tpa of cobalt tetroxide from 14 September 2021 to 31 December 2023 to XTC New Energy. How is the Mining industry adopting electric technologies?