Tengyuan Cobalt Industry to Invest RMB 511 Million in Electrolytic Nickel and Cobalt Project in Jiangxi, Targeting 2025 Completion

Published: Sep 6, 2024 15:17

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[New Progress of Jiangxi's Electrolytic Nickel and Cobalt Project] Recently, Tengyuan Cobalt Industry announced a significant investment and expansion plan. The company plans to invest and construct a comprehensive product project with an annual output of 30,000 tons of electrolytic nickel and 3,000 tons of electrolytic cobalt in the chemical industry cluster area of the Rare Earth and New Materials Industrial Park in Ganxian District, Ganzhou City, Jiangxi Province. The total investment of this project reaches RMB 511 million, with an expected construction period of 18 months and an expected completion and commencement of production in December 2025. Upon completion, the project will achieve large-scale production with an annual output of 3,000 tons of electrolytic cobalt and 30,000 tons of electrolytic nickel.

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