SHANGHAI, Jun 20 (SMM) – Huayou Cobalt announced that it plans to raise no more than 17.7 billion yuan, which will be used for the nickel-cobalt hydroxide hydrometallurgy project with an annual output of 120,000 mt of nickel metal by Huashan Nickel and Cobalt Company in Indonesia, and Guangxi Huayou Lithium Industry’s 50,000 mt/year battery-grade lithium salt project, as well as for replenishment of working capital.
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