Jinchuan Group Nickel Salt Company Aims for World-Class Status in New Energy Battery Materials Industry

Published: Feb 8, 2025 10:07
[Jinchuan Group Nickel Salt Company: Empowering New Energy to Fully Expand the Battery Materials Industry Chain]
In 2024, Jinchuan Group Nickel Salt Company aims to become a world-class specialized and innovative enterprise with domestic leadership in electroplating and battery materials, industry-leading technology, and significant influence. The company continues to focus on the new energy battery materials industry, achieving growth in scale and efficiency. The total industrial output value for the year reached 11.422 billion yuan, with operating revenue of 7.497 billion yuan. Annual production included ternary cathode precursor (75,100 mt, up 46.61% YoY), nickel sulphate (277,300 mt, up 32.34% YoY), nickel chloride (5,000 mt, flat YoY), and nickel oxide (1,820 mt, up 10.31% YoY).

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
【SMM Nickel Flash News】 Indonesia to Launch New Nickel HPM Formula April 15: CF for 1.6% Ore Surges to 30%
31 mins ago
【SMM Nickel Flash News】 Indonesia to Launch New Nickel HPM Formula April 15: CF for 1.6% Ore Surges to 30%
Read More
【SMM Nickel Flash News】 Indonesia to Launch New Nickel HPM Formula April 15: CF for 1.6% Ore Surges to 30%
【SMM Nickel Flash News】 Indonesia to Launch New Nickel HPM Formula April 15: CF for 1.6% Ore Surges to 30%
Effective April 15, 2026, Indonesia’s ESDM will implement a revised Nickel Ore HPM formula. The Correction Factor (CF) for 1.6% grade ore rises to 30%, decreasing by 1% for every 0.1% drop in nickel grade. Byproducts are now explicitly valued: Cobalt and Iron carry a 30% CF, while Chromium is 10%. Crucially, cobalt will only be factored into the pricing if its content is >= 0.05%, and iron content must be <= 35% to be included in the calculation. HPM Nickel Ore = 【(HMA Nickel * %Ni * CF Nickel Ore) + (HMA Cobalt * %Co * CF Cobalt ) + (HMA Iron Ore * %Fe *CF Iron) + (HMA Chrome Ore * %Cr * CF Chrome)】*(1-MC)
31 mins ago
[NPI Daily Review] Actual Transaction Center Still Declining, Market Awaits Future Trends amid Macro Disturbances
3 hours ago
[NPI Daily Review] Actual Transaction Center Still Declining, Market Awaits Future Trends amid Macro Disturbances
Read More
[NPI Daily Review] Actual Transaction Center Still Declining, Market Awaits Future Trends amid Macro Disturbances
[NPI Daily Review] Actual Transaction Center Still Declining, Market Awaits Future Trends amid Macro Disturbances
[SMM Daily Comment: Actual Transaction Center Still Declining, Market Taking a Wait-and-See Approach amid Macro Disturbances] April 13 — The SMM high-grade NPI upstream sentiment factor was 2.78, up 0.04 MoM, and the high-grade NPI downstream sentiment factor was 1.51, up 0.03 MoM.
3 hours ago
[SMM Nickel Sulphate Daily Review] April 13: Weak Downstream Price Acceptance Led to a Decline in Nickel Salt Prices
3 hours ago
[SMM Nickel Sulphate Daily Review] April 13: Weak Downstream Price Acceptance Led to a Decline in Nickel Salt Prices
Read More
[SMM Nickel Sulphate Daily Review] April 13: Weak Downstream Price Acceptance Led to a Decline in Nickel Salt Prices
[SMM Nickel Sulphate Daily Review] April 13: Weak Downstream Price Acceptance Led to a Decline in Nickel Salt Prices
On April 13, the SMM battery-grade nickel sulphate average price declined slightly.
3 hours ago
[Jinchuan Group Nickel Salt Company: Empowering New Energy to Fully Ex - Shanghai Metals Market (SMM)