Production of battery materials, including cobalt sulfate and nickel sulfate, at Guangxi Yinyi Advanced Material will not be affected by the bankruptcy of its parent company, Yinyi Group, Fastmarkets understands.
Yinyi Group, the holding company for Shenzhen-listed ST Yinyi, has recently applied to Ningbo Intermediate People's Court for rehabilitation to solve its liquidity problems, according to the company's public announcement on Monday June 17. Battery materials producer...