Looking at the only 2 news articles on the new CIWM site, it looks like they specialize in the mining of waste materials from old excavation sites. If that is the case, what part would ASKH play in it? Here are the two:
On October 20, the project development team of the company arrived at the polymetallic tailings pond in Yifeng County, Yichun City, Jiangxi Province for site investigation. The tailings have 4 million tons of tailings stock, adding 300,000-50 0,000 tons every year. After resource utilization, 150,000 tons of iron sulfide and 400,000 tons of cement materials can be extracted annually, and the annual output value can reach 50 million US dollars.
================================
Yichun City, Jiangxi province has vigorously promoted the development of lithium battery new energy industry. A large number of leading enterprises and leading enterprises such as Ningde Times, Guoxuan High-tech and Ganfeng Lithium have settled in Yichun or greatly expanded production for investment, and the new energy industry has ushered in a "blowout" development trend. It is predicted that by 2023, the city's lithium carbonate production capacity will reach about 400,000 tons, resulting in more than 50 million tons of feldspar powder, more than 10 million tons of tailings, more than 15 million tons of lithium slag treatment faces many problems, bringing huge obstacles to industrial development. At the invitation of relevant local government departments, the company will send a team of experts to investigate. Recently, the project will be demonstrated according to the investigation conclusion, and the project approval work is expected to start in December 2022.
All of my posts are of my own opinion. I am not a trading professional and none of my comments are for trading purposes. Trade at your own risk.
