Tengyuan Cobalt Projects Nickel and Cobalt Sales Growth Based on Upcoming Capacity Expansion

Published: Aug 30, 2024 17:46

Save

Tengyuan Cobalt said that based on the company's upcoming wet smelting capacity of 23,000 tonnes of cobalt and 50,000 tonnes of nickel, and with the premise that the 120,000 tonnes of ternary precursors and 20,000 tonnes of cobalt tetroxide production capacity have not been fully utilized, the company can achieve the sale and realization of 30,000 tonnes of nickel metal content of nickel sulfate salt and 3,000 tonnes of metal content of cobalt chloride salt in the form of electrolytic nickel and electrolytic cobalt respectively.

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

5 hours ago

【SMM Analysis】Weekly Review of Indonesian Nickel Market - May 8

5 hours ago

6 hours ago

[SMM Analysis] Geopolitical Thaw Pulls Stainless Steel Off Multi-Week Highs as Post-Holiday Reality Bites

China's stainless steel futures gave back ground sharply in the first trading week after the May Day holiday, as a sudden easing of Middle East tensions deflated the risk premium that had carried prices to recent highs. With the cost-side narrative unwinding and physical demand showing little follow-through, the market is searching for a new floor

6 hours ago

Nickel Prices Surge and Retreat Post-Holiday, Affected by US-Iran Talks and Supply Concerns

6 hours ago