Titan Chemical (002145.SZ) plans to invest 5.462 billion yuan to construct a lithium iron phosphate/sodium iron phosphate precursor (iron phosphate) project with an annual production capacity of 600,000 tons.

Zhitong Finance APP News, Titan Chemical (002145.SZ) announced that it will hold the 14th (temporary) meeting of the 8th Board of Directors on August 11, 2026, to review and approve the proposal regarding the investment and construction of a 600,000-ton annual production capacitylithium iron phosphate/sodium iron phosphateprecursor (iron phosphate) project by its wholly-owned subsidiary. The project will be constructed in two phases. The first phase involves an investment to establish a 400,000-ton annual production capacitylithium iron phosphate/sodium iron phosphateprecursor (iron phosphate) facility, while the second phase will invest in establishing a 200,000-ton annual production capacitylithium iron phosphate/sodium iron phosphateprecursor (iron phosphate) facility. The total investment amount for both phases is expected to be 5.462 billion yuan.