Fulin Precision's annual report shows that the 60,000-ton annual production of new energy lithium battery positive electrode materials project has not achieved the expected benefits

According to Fulin Precision's 2023 annual report, the project to produce 60,000 tons of new energy lithium battery positive electrode materials annually failed to achieve the expected benefits. The main reasons include cyclical fluctuations in the new energy lithium battery industry, temporary overcapacity in the lithium battery materials industry, and large fluctuations in the upstream lithium salt market.