Chempricehub June 24 Update
On June 23, Fulin Precision Co., Ltd. announced that its subsidiary, Jiangxi Fulin Precision, will jointly establish a joint venture with Phosphorus Tai Group and Bairuide Mining Co., Ltd. The joint venture will invest in the construction of a 200,000-ton-per-year lithium dihydrogen phosphate production facility, along with a supporting 100,000-ton-per-year thermal-process phosphoric acid integrated project. The total investment amounts to RMB 3 billion, with a registered capital of RMB 400 million for the joint venture. Jiangxi Fulin Precision will contribute RMB 160 million, holding a 40% stake. The project aims to stabilize the upstream raw material supply for lithium iron phosphate (LiFePO₄) and enhance the company's competitive edge.