Longbai Group: The company's 800 tons/year vanadium extraction project from waste acid has reached the standard and reached production capacity and achieved external sales

Some investors asked questions on the investor interactive platform: Hello, Secretary of the Board of Directors, may I ask about the current progress of your company's vanadium power industry?

Longbai Group (002601.SZ) stated on the investor interactive platform on March 20 that the company owns a number of large-scale vanadium-titanium magnetite mines with huge reserves and rich vanadium resources. The company's 800 tons/year vanadium extraction project from waste acid has reached the standard and achieved external sales. The innovative demonstration project of an annual output of 30,000 tons of vanadium pentoxide in the alkaline pellet wet process of vanadium and titanium iron concentrate is currently in progress. The company is optimistic about the future development of the vanadium power industry and has begun to develop vanadium materials used in vanadium reflow batteries and short-process preparation of all-vanadium reflow battery electrolytes and reservation-related technologies to connect with downstream new energy customers. In the future, the company will pay close attention to the development trend of the vanadium power industry in the field of energy storage, and actively promote the construction of industrialization projects of vanadium battery materials based on the vanadium battery market conditions.