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Construction began on the first phase of Sichuan Guocheng Lithium’s 200,000-ton/year lithium salt production project. On the morning of January 17, work started on this first phase in the Mianzhu New Materials and Chemical Industry Park. The project covers an area of 1,123 mu, with a total planned investment of 10.5 billion yuan. It aims to build a lithium salt production facility with an annual capacity of 200,000 tons, and the construction is scheduled to be carried out in three phases; the first phase will involve building a facility with an annual capacity of 60,000 tons of basic lithium salts. Once the project is fully completed and put into operation, it is expected to generate an annual output value of 16 billion yuan and annual tax revenues of 800 million yuan, while creating 1,500 new jobs. In recent years, Mianzhu has made concerted efforts to develop its materials and chemical industry cluster. The first phase of Chuanfa Longmao, Dea Lithium Industry, and Phontai New Materials have commenced construction, while International Lithium Energy and Sterry Lithium Industry are about to start building as well. This has led to the formation of a relatively complete industrial chain and ecosystem, resulting in strong momentum for industrial development. This project is the first to commence construction following the expansion of the Mianzhu New Materials Chemical Park. With improved infrastructure and adequate support for various resources, a large number of projects will be launched one after another.