Shengxin Lithium Energy invested in a project in Indonesia to produce 50,000 tons of lithium hydroxide and 10,000 tons of lithium carbonate per year

Recently, the Sichuan Branch of China Export & Credit Insurance Corporation issued an export buyer's credit insurance policy for Shengxin Lithium Energy Group Co., Ltd.'s investment in Indonesia to build a 50,000-ton lithium hydroxide and 10,000-ton lithium carbonate project. The total investment amount of the project is US$349 million. A processing plant will be built in Indonesia to carry out deep processing of overseas lithium ore. It is currently the largest lithium salt plant built by Chinese companies overseas in the form of greenfield investment. The factory's production equipment supply and the entire project construction were completed by other Chinese companies. It is a demonstration project that uses overseas investment to drive China's advanced equipment exports and promote international capacity cooperation in the new energy industry. It has been included in the list of practical cooperation projects of the third "Belt and Road" International Cooperation Summit Forum.