[SMM Nickel Flash] Hanrui Cobalt Planned to Invest an Additional $108 million in Its Nickel Matte Project

Published: Apr 3, 2026 15:52

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[SMM Nickel Flash] Hanrui Cobalt Planned to Invest an Additional $108 million in Its Indonesian High-Grade Nickel Matte Project, Raising Total Investment to $351 million
Hanrui Cobalt announced on March 27 that its board of directors had approved a proposal to increase the total investment in the fundraising project and adjust its internal investment structure. According to the announcement, the company planned to use $107.8905 million (approximately 745 million yuan) in its own and self-raised funds to increase the total investment in the "20,000 mt/year Nickel Metal Content Oxygen-Enriched Continuous Converting High-Grade Nickel Matte Project" from $243.2069 million to $351.0974 million (approximately 2.423 billion yuan), representing an increase of 44.36%.

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