Lanzhou LS Heavy Equipment to Collaborate with Jinchuan Group on 10,000 mt Nickel-Based Alloy Project

Published: Mar 21, 2025 10:02

Save

[Layout of Metal New Materials Industry Lanzhou LS Heavy Equipment to Jointly Build 10,000 mt Nickel-Based Alloy Project with Jinchuan Group] Lanzhou LS Heavy Equipment, LS Group, and its subsidiary Lanzhou LS Superalloy New Materials Co., Ltd. will jointly invest 270 million yuan with Jinchuan Group Nickel Alloy Co., Ltd. to establish Lanzhou Jinchuan Nickel Alloy Co., Ltd. in the Lanzhou New Area, and construct an advanced material production line for high-end equipment with an annual output of 10,000 mt of nickel-based alloys. The total investment in the project is expected to be 400 million yuan, focusing on products such as high-temperature corrosion-resistant alloys, refined nickel, and Monel alloys, targeting high-growth sectors including aerospace, national defense, nuclear power, and ultra-supercritical materials. After reaching full production, the project is expected to generate an annual revenue of 1.6 billion yuan, with a post-tax financial internal rate of return of 10.52%, demonstrating good economic benefits.

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

27 mins ago

Data: SHFE, DCE market movement (Apr 15)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 15 Apr , 2026

27 mins ago

1 hour ago

Indonesia's New Policy Drives Nickel Prices Up, Smelters Firm on Quotes Amid Rising Demand

[SMM Nickel Flash] April 15, supply side, Indonesia's new policy was introduced, driving upstream smelters to hold prices firm more decisively, with upstream players continuing to raise quotes. Meanwhile, nickel prices broke through the 140,000 mark, further driving suppliers to raise prices. Demand side, steel mill quotes also saw some upward movement, and traders also saw successive transactions, jointly pushing up the price center. Overall, supported by multiple factors, high-grade NPI prices continued to rise.

1 hour ago

SMM High-Grade NPI Sentiment Index Rises in April, Upstream and Downstream Confidence Improves

[SMM Nickel Flash] April 15 — The SMM high-grade NPI market sentiment index was 2.23, up 0.05 MoM. The high-grade NPI upstream sentiment index was 2.9, up 0.06 MoM. The high-grade NPI downstream sentiment index was 1.56, up 0.04 MoM.

1 hour ago