Shengtun Mining Industry: Youshan Nickel has an annual output of 34000 tons of nickel metal and high matte nickel project No. 1 electric furnace successfully produces the first batch of ferronickel.

Published: Sep 08, 2020 09:55 (GMT+8)
[Shengtun Mining: Youshan Nickel has an annual output of 34000 tons of nickel metal high matte project No. 1 electric furnace successfully produces the first batch of ferronickel] recently, Shengda Mining Group Co., Ltd. passed a "motion on investing in a project with an annual output of 34000 tons of nickel metal matte in Weidabe Industrial Park, Indonesia." The joint venture Youshan Nickel Indonesia Co., Ltd. will carry out the construction of a high nickel matte project with an annual output of 34000 tons. The No. 1 electric furnace with an annual output of 34000 tons of nickel in Weidabe Industrial Park, Indonesia, which was built by Youshan Nickel Co., Ltd., successfully produced the first batch of Ferro-nickel on September 5, 2020.

SMM: recently, Shengda Mining issued an announcement that the 37th meeting of the ninth board of directors of Shengtun Mining Group Co., Ltd. (referred to as "Shengtun Mining" or "the company") examined and adopted the "motion on investing in the project of investing in a project with a high annual output of 34000 tons of nickel and nickel in Weidabe Industrial Park, Indonesia." The joint venture company Youshan Nickel Indonesia Co., Ltd. (referred to as "Youshan Nickel") carries out the construction of a high nickel matte project with an annual output of 34000 tons of nickel.

The No. 1 electric furnace with an annual output of 34000 tons of nickel in Weidabe Industrial Park, Indonesia, which was built by Youshan Nickel Co., Ltd., successfully produced the first batch of Ferro-nickel on September 5, 2020.

The high nickel matte project with an annual output of 34000 tons of nickel in Youshan Nickel has been officially put into production, which has expanded the scale of the company's overseas nickel business and will produce better economic benefits in the future, which will help to further enhance the company's profitability and sustainable development ability. will have a positive impact on the company's financial statements.

"Click to understand and sign up: 2020 China Automotive New Materials Application Summit Forum

Scan the QR code above to view the business cards of the participating companies and sign up online

Scan the code and apply to join the SMM Automotive Industry Exchange Group.

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 for 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
【Flash | ESAB Cuts Q4 Surcharges for Mo-Bearing Welding Consumables】
13 hours ago
【Flash | ESAB Cuts Q4 Surcharges for Mo-Bearing Welding Consumables】
Read More
【Flash | ESAB Cuts Q4 Surcharges for Mo-Bearing Welding Consumables】
【Flash | ESAB Cuts Q4 Surcharges for Mo-Bearing Welding Consumables】
ESAB published its Q4 2026 US combined alloy-and-tariff surcharges for welding filler metals. The surcharge for 316/316L stainless solid wire fell from $7.08/lb ($15.57/kg) in Q3 to $6.26/lb ($13.77/kg), while 317/317L declined to $6.72/lb. Duplex 2209 and super-duplex 2509/2594/2507 eased to $8.71/lb and $9.02/lb. ERNiCrMo-3 nickel-alloy solid wire fell from $15.53/lb to $13.28/lb. SMM analysis: Mo-bearing welding-consumable surcharges broadly declined QoQ, but the combined charges also reflect nickel, chromium and tariff costs and are not molybdenum spot prices.
13 hours ago
【Flash | NAS Raises Base Price for Type 316 Cold-Rolled Stainless】
13 hours ago
【Flash | NAS Raises Base Price for Type 316 Cold-Rolled Stainless】
Read More
【Flash | NAS Raises Base Price for Type 316 Cold-Rolled Stainless】
【Flash | NAS Raises Base Price for Type 316 Cold-Rolled Stainless】
North American Stainless (NAS), part of Acerinox, said Type 316 cold-rolled products shipped from Oct. 1 would carry a higher base price through a two-point reduction in the functional discount. All active requests for quotation are subject to the adjustment. This is a base-price mechanism change rather than a monthly alloy surcharge.
13 hours ago
[SMM Nickel Flash News] Indonesia Nickel Smelter Faces PKPU Petition
14 hours ago
[SMM Nickel Flash News] Indonesia Nickel Smelter Faces PKPU Petition
Read More
[SMM Nickel Flash News] Indonesia Nickel Smelter Faces PKPU Petition
[SMM Nickel Flash News] Indonesia Nickel Smelter Faces PKPU Petition
PT Metal Smeltindo Selaras (MSS), a China-invested nickel smelter in Morowali, Central Sulawesi, is facing a PKPU petition filed by nickel mining and trading company PT Mineral Maju Sejahtera. The case was registered at the Central Jakarta Commercial Court on September 29, 2026, with the first hearing scheduled for October 8. MSS operates an RKEF smelter with eight furnaces and targeted feronickel capacity of around 600,000 mt/y. No production suspension has been confirmed.
14 hours ago