Recently, Anhui Annada Titanium Industry Co., Ltd. issued an announcement stating that its board of directors has reviewed and approved a proposal by its wholly-owned subsidiary, Tongling Huatai New Energy Materials Co., Ltd., to construct the "New Energy Materials – Integrated Engineering Project for the Annual Production of 300,000 Tons of Battery-Grade Iron Phosphate". The total investment in the project amounts to RMB 3.298 billion, with a construction period of 18 months.
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