Good article Fugazied. In regard to the conversation process the NIC release says minor modifications while the Macquarie report shows a whole new process. My understanding is that the old process to convert NPI was understood but not implemented due to cost whereas Tsingshan have now developed a new process converting ore to matte during the existing rotary kiln process. I stand to be corrected if this is not the case.
Ann: Potential Diversification into the EV Battery Supply Chain, page-26
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