1 Korean government launches working group to deal with China's graphite control >>

SEJONG, Oct. 23 (Yonhap) -- The South Korean government has formed a response working group led by the Ministry of Industry, Trade Resources (MITR) to stabilize the supply dem of graphite in the country in the wake of the Chinese government's announcement that it will impose export controls on graphite, which is used in the manufacture of anode materials for power batteries.

Jang Eung-jin, the first official (Vice Minister) of the Ministry of Commerce Industry, chaired the "Joint Meeting of Civilians Officials on Graphite Supply Chain Response" at the Korea Chamber of Commerce Building in Seoul on the 23rd, to discuss specific response measures. On the 20th of this month, the Ministry of Industry convened a meeting with the heads of major domestic battery manufacturers to check the market situation.

On the same day, the government launched the Graphite Supply Dem Response Working Group in cooperation with Korea Trade-Investment Promotion Agency (KTI) other relevant organizations to ensure the stability of graphite supply dem for related companies. The government will also maintain close communication coordination with the Chinese side through diplomatic channels such as high-level cooperation, so that the approval of graphite import licenses for Korean companies from China will not be delayed or denied. In the long run, the government will also secure alternative sources of supply, such as Tanzania, actively strengthen the diversification self-control of the graphite supply chain.

2 Rongjie Group's New Base in Wuhai, Inner Mongolia >>

On October 20, Rongjie Group the government of Wuhai City, Inner Mongolia officially signed an investment cooperation agreement, in which Rongjie Group will invest 4.5 billion yuan to set up a lithium battery manufacturing lithium battery material production base in Wuhai.

Rongjie Wuhai new energy base project is located in Wuhai Bohai Bay District, with a l area of 900 mu. After the completion of the project, it will form 10GWH/year lithium-ion battery cell production line supporting PACK production line, as well as 100,000 tons of lithium-ion battery anode material production line.

3 Ganfeng Lithium to join hs with a Technology to invest in lithium iron phosphate project >>

On the evening of October 16, Ganfeng Lithium Industry announced that the company Guizhou a Science Technology Energy Company Limited (hereinafter referred to as "a Science Technology") recently signed the "Strategic Cooperation Agreement". The two sides intend to jointly establish a joint venture to invest in the construction of an annual output of 20,000 tons of lithium iron phosphate cathode materials manufacturing project, Ganfeng lithium shares 40%, a Technology shares 60%.

Announcement shows that the two sides will carry out multi-disciplinary cooperation, in the supply of lithium salt products to carry out in-depth cooperation in the supply chain; in the supply of lithium iron phosphate anode products to carry out in-depth cooperation in the supply chain; to exp the application of lithium salt products in the field, in the development of new products, application research other areas of cooperation.

Meanwhile, in order to further enhance the industrial competitiveness of both parties, Ganfeng Lithium a Technology, based on their respective industrial advantages, intend to jointly establish a joint venture company to invest in the construction of an annual production capacity of 20,000 tons of lithium iron phosphate anode materials manufacturing project. The registered capital of the joint venture company is RMB 50 million, with Ganfeng Lithium holding 40% a Technology holding 60%.

After the completion of the project of the joint venture company, both parties will prioritize the supply of raw materials sales of the products of the joint venture company according to the market price or the price proportion agreed by both parties.