The first autoclave of Huayue Nickel-Cobalt Project was successfully installed.

Published: Dec 7, 2020 10:06

SMM Network News: December 5, 2020 8: 00, Huayue Nickel-Cobalt project site clear after the rain, colorful flags flying. The first autoclave of the project was carried by a modular truck, which was transported slowly and moved steadily towards the location. 17:18, after more than nine hours of intense and orderly work, the autoclave weighing more than 800t was successfully installed and put in place. This important moment marks the beginning of the project construction to gradually enter the installation stage, and a new journey is about to begin.

At the installation ceremony held at the site, Li Ze, the person in charge of the Huayue project site and deputy general manager of the company, delivered a speech to celebrate the successful installation of the autoclave, highly affirmed the scientific organization and sincere cooperation of Huayue, construction units, logistics teams, design representatives, supervision, and other parties, and encouraged all personnel at the scene to keep up their efforts and devote themselves to their work with high morale and dedication. Complete the project construction target on time.

Stepping into a rough road, 2020 is destined to be an extraordinary year. Since "Yuanjian", a seagoing ship with autoclave, docked at Huayue New Wharf on Sulawesi Island, Indonesia on November 24, under the organization and coordination of the Huayue Nickel-Cobalt Project, with the close cooperation of the construction unit China 20 Metallurgical and the carrier Zhongguangying, after several days of struggle, the work of rolling off, transportation and placement has been successfully completed, and the whole process of transportation and installation has overcome the influence of epidemic situation and rainy season, and solved the technical problems of installation. The ultimate success is the best embodiment of the fighting spirit of "continuous self-improvement and the pursuit of excellence", and it is also a microcosm of the construction of the Huayue project. Huayue people will continue to do their best, step by step, move forward steadily, and strive to achieve the goal of feeding in 2021.

The Hua Yue project in Indonesia is the combination of the national "Belt and Road Initiative" and the transformation road of Huayou, and the main position for the company to start a business for the second time. The Indonesian project team undertakes a major and honorable mission. Only when the vicissitudes of the sea flow across the sea can we show our heroic character. The Indonesian project team should unite as one, go all out, build a good project, and demonstrate the Huayou spirit of "continuous self-improvement and the pursuit of excellence". (excerpted from the speech made by Chairman Chen Xuehua at the 2020 working Conference of Huayou Cobalt Industry)

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
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
20 hours ago
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
Read More
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
High-Grade NPI Smelter Profits Squeezed as Ore Prices Rise and Sales Prices Dip
[SMM Nickel Flash] Based on nickel ore prices from 25 days ago, smelter profits for high-grade NPI remained high this week. However, from the current raw material side, ore prices from both the Philippines and Indonesia increased, while auxiliary material prices saw a slight pullback, leading to an increase in the cash cost of producing high-grade NPI from spot ore. At the same time, high-grade NPI prices experienced some pullback, making it difficult for smelter profits to see sustained improvement.
20 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
20 hours ago
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
Read More
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
High-Grade NPI Prices Fall, Expected to Stabilize as Chinese New Year Approaches
[SMM Nickel Flash] This week, due to a sharp decline in futures triggering arbitrage selling, high-grade NPI prices fell significantly. However, after the selling activity subsided, upstream quotations and the market center gradually returned to normal levels, supported by cost factors. Looking ahead, as the Chinese New Year holiday approaches, market activity is expected to remain subdued, and high-grade NPI prices are projected to hover at highs with limited fluctuations.
20 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
20 hours ago
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Read More
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
Nickel Prices Drop: SMM 10-12% High-Grade NPI Down 17.2 Yuan, Indonesia NPI FOB Index Falls 2.06 $/mtu
[SMM Nickel Flash] The SMM average price of 10-12% high-grade NPI fell 17.2 yuan/mtu WoW to 1,035.8 yuan/mtu (ex-factory, tax included), while the Indonesia NPI FOB index average price dropped 2.06 $/mtu WoW to 131.2 $/mtu. At the beginning of the week, futures hit limit-down, and nickel prices fell sharply WoW, driving the emergence of arbitrage supplies sold at low prices, leading to a significant decline in high-grade NPI prices.
20 hours ago