China's Tinci signs investment agreement with Morocco, eyes $280 million electrolyte project
Chinese chemical manufacturer Tinci Materials Technology has signed an investment agreement with the Moroccan government, according to a Reuters notice on Wednesday, June 11.
The company plans to invest approximately $280 million in an electrolyte project in Morocco, the same notice states.
This is not the first time the investment has been mentioned. In 2023, Tinci announced plans to build a $280 million factory in Morocco to serve the European lithium-ion battery market. At that time, the company highlighted Morocco's abundant phosphate mineral resources as essential for its battery production.
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