The significance of this project lies in that Hainan Mining regards the mining and processing of mineral resources in the upstream of new energy industry as an important direction of industrial transformation and upgrading in the next five years. The construction of this project can make use of the corresponding preferential tax policies of Hainan Free Trade Port. At the same time, Hainan Province is close to Australia, the main producing area of spodumene, and has obvious advantages in maritime logistics compared with Jiangxi and Sichuan, the main producing areas of lithium hydroxide in the mainland. Dongfang Industrial Park is located in the Beibu Gulf in the west and eight ports in the northwest. It is one of the largest deep-water ports in Hainan. It is a national first-class open port with many domestic and international routes, convenient transportation and obvious transportation cost advantages.