27
Sep
08:12
Xiamen XTC, Orano CAM to form cathode JV in France
Chinese listing company Xiamen XTC New Material announced on Tuesday its wholly-owned subsidiary XTC New Material Europe will form a joint venture with French industrial company Orano Group’s Orano CAM in France. The JV will focus on the ternary cathode material production expansion in France, Kallanish learns.
Under their agreement, XTC New Material Europe will invest EUR 10.2 million ($10.8m) in cash for a 51% stake in the JV, and Orano CAM will inve…
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