Tibet Everest terminates 8 billion lithium salt project

Tibet Zhufeng announced the termination of its lithium salt project that had been planned for more than two years. The project was originally planned to raise 8 billion yuan through a private placement of A-shares to build a number of projects including a lithium salt lake extraction project with an annual output of 50,000 tons of lithium carbonate. However, due to factors such as the low price of lithium carbonate and the failure of the environmental impact assessment, the project was ultimately not implemented.