en.Wedoany.com Reported - Hunan Yuneng (301358) announced on July 17 that the company plans to invest in the construction of the Guizhou Yuneng (Weng'an) Mining-Integration New Energy Battery Materials Circular Industry Project in Weng'an County, Qiannan Buyi and Miao Autonomous Prefecture, Guizhou Province. The project will focus on lithium iron phosphate and its upstream industrial chain, including lithium iron phosphate, iron phosphate, phosphorus sources (phosphate mining, beneficiation, phosphorus chemical processing, and sulfuric acid required for phosphoric acid production), iron sources (pyrite, etc.), lithium carbonate processing, and lithium battery recycling, with a total construction period estimated at 5 years. The total investment in the project is approximately 24 billion yuan, and the company will implement construction in phases based on market conditions and other factors. It plans to invest 5-8 billion yuan within 18 months after the official start of construction, with subsequent adjustments to the implementation pace based on future market demand. On the same day, the company also announced that due to policy constraints and limitations in the company's copper concentrate resource conditions, continuing the copper smelting and supporting projects is no longer feasible. The company plans to terminate the 500,000 tons/year copper smelting and supporting project originally planned for construction in the Shuanglong Industrial Park, Fuquan City, Guizhou Province.