May 19, 2020 / 1:27 PM / 18 days ago

China's Yahua starts new 20,000 tpy lithium hydroxide plant

BEIJING, May 19 (Reuters) -

* China’s Sichuan Yahua Industrial Group said on Tuesday it had put a new 20,000 tonnes per year lithium hydroxide plant into production.

* The plant, located in the city of Yaan in southwest China’s Sichuan province, was officially launched on Monday, according to a company statement.

* It more than doubles Yahua’s previous 12,000 tonnes per year capacity for lithium hydroxide, a chemical used in electric vehicle batteries.

* It was not immediately clear what rate the plant would operate at or how quickly it would ramp up.

* The launch comes as prices for lithium hydroxide in China AM-96FOBCN-LIHMH languish near five-year lows at 53,000 yuan a tonne after coronavirus hit demand. (Reporting by Tom Daly; editing by David Evans)

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