Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Lithium Battery Cathode Precursor and Material Anode Materials Artificial Graphite Diaphragm Electrolyte Other Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Price Center DatabasePro Reports Events Car Insight

Home / Metal News / Hanrui Cobalt to raise 1.9 billion yuan to build cobalt, ternary precursor projects

Hanrui Cobalt to raise 1.9 billion yuan to build cobalt, ternary precursor projects

Nov 14, 2019 14:57

Source:SMM

The project is designed to produce 10,000 mt in Co content of cobalt new materials, 26,000 mt of ternary precursor a year

SHANGHAI, Nov 14 (SMM) – Hanrui Cobalt Co. Ltd. has announced plans to raise 1.9 billion yuan by issuing 53.8 million private shares in mainland China to no more than 5 certain investors.

The Nanjing-based cobalt producer said in a statement on Wednesday November 13 that the funds will be used to build a project in Ganzhou, Jiangxi province that can produce 10,000 mt in Co content of cobalt new materials and 26,000 mt of ternary precursor a year.

The company also said that its 5,000 mt/year cobalt metal refinery in the Democratic Republic of Congo and 3,000 mt/year cobalt powder project in east China’s Anhui province are ready to come online.

Cobalt

Ternary precursor

For queries, please contact William Gu at williamgu@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

Commissioning of new ternary precursor production lines extended production schedules of cobalt sulphate

China's cobalt sulphate output stood at 4,989 mt in metal content in June, a month-on-month increase of 8% and year-on-year increase of 88%. Cobalt sulphate companies received more orders and increased production in June due to growing demand from downstream ternary precursors.

time

Jul 13, 2021 10:48

Commissioning of new ternary precursor production lines extended production schedules of cobalt sulphate

Ternary precursor prices followed raw material prices up significantly, LFP and LMO prices rose slowly

Prices of cobalt, nickel and manganese rose after CNY. Prices of cobalt salt also climbed due to disrupted raw material transportation and strong demand.

time

Mar 2, 2021 11:32

Ternary precursor prices followed raw material prices up significantly, LFP and LMO prices rose slowly

SMM Webinar Series: The Impact of Solid-State Battery on Cobalt-Lithium Industry

With the advancement of the NEV industry, battery technologies has become the highlight in the New Energy Cobalt-Lithium industry, especially the solid-state battery considering its outstanding performance in energy density and safety.

time

Feb 25, 2021 14:20

SMM Webinar Series: The Impact of Solid-State Battery on Cobalt-Lithium Industry

Huayou Cobalt’s hydro-metallurgy project in Indonesia achieved great progress

The delivery ceremony of a high-pressure reactor, a core equipment of the hydro-metallurgy project at Huayue Nickel & Cobablt (Indonesia) of Huayou Cobalt & Morimatsu, was held at Morimatsu’s Nantong factory on November 20. Since then, all four high-pressure reactors have been completed and delivered, marking that the Huayue project is about to enter a new stage of key equipment installation.

time

Nov 27, 2020 11:36

Huayou Cobalt’s hydro-metallurgy project in Indonesia achieved great progress

SMM and representatives of lithium downstream enterprises paid a visit to Hunan Kingfuli

During November 17-20, SMM new energy business director Wang Tian and marketing consultant Yu Lei led SMM staff and members of the delegation to visit lithium battery raw material producers in Hunan in order to seek more in-depth cooperation opportunities. Their first stop was Hunan Kingfuli New Energy Co., Ltd.

time

Nov 18, 2020 15:49

SMM and representatives of lithium downstream enterprises paid a visit to Hunan Kingfuli

China's GEM, South Korea's EcoPro to set up JV to produce high-Ni battery materials

Chinese power battery recycling giant GEM will team up with South Korean cathode materials manufacturer EcoPro to produce high-nickel ternary precursor products for electric vehicle batteries. GEM said on Monday April 13 that its subsidiary Fuan Qingmei Energy Materials Co., Ltd. has penned a memorandum of understanding with EcoPro to establish a joint venture (JV) in Ningde, in South China’s Fujian province.

time

Apr 14, 2020 11:35

China's GEM, South Korea's EcoPro to set up JV to produce high-Ni battery materials

China's ternary precursor output rebounded 66% in March

China's production of ternary precursor, which is used to produce ternary materials for power and digital batteries, rebounded 66.4% from a month ago due to the recovery of operations and logistics after the effective containment of COVID-19 in China.

time

Apr 13, 2020 12:01

China's ternary precursor output rebounded 66% in March

Ternary precursor prices to fall further on reduced export orders

China's ternary precursor market will likely face continued headwinds of falling export orders for digital batteries and delays in recovery of new energy vehicle demand, as the global spread of the coronavirus has yet to show signs of slowing. This is expected to expand the downside room in ternary precursor prices this week.

time

Mar 25, 2020 13:15

Ternary precursor prices to fall further on reduced export orders

EV battery production in South Korea and Japan continues amid COVID-19 outbreak

Japan’s Panasonic and PEVE, South Korea’s LG Chem, Samsung SDI and SKI were among the world’s top 10 EV battery producers in terms of shipments in 2019, according to data from SNE. The two countries are also home to many cathode materials producers.

time

Mar 6, 2020 11:03

EV battery production in South Korea and Japan continues amid COVID-19 outbreak

Cobalt, lithium markets saw subdued trades post-holiday

Consumption of ternary batteries may unlikely to improve by the end of Oct

time

Oct 12, 2019 14:58

Cobalt, lithium markets saw subdued trades post-holiday

SMM Events & Webinars

Apr
09
- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
09
- 2025 SMM (20th) Lead & Zinc Conference and Industry Expo
  Apr 09 - 11,2025
  To promote the sustainable development of lead and zinc industry to build a high-end, professional, pragmatic exchange p
  Nanjing · Jiangsu ·China
Apr
16
- CLNB 2025 (10th) China International New Energy Industry Expo
  Apr 16 - 18,2025
  Suzhou International Expo Center, Jiangsu, China

MOST POPULAR

1.China Lithium Market Dynamics and Lithium Procurement Study

2.Battery Recycling Technology Understanding

3.Solid State Battery Market

4.China Lithium Market Dynamics and Lithium Procurement Study

5.Project Case - New Energy -Market Study

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.