SHANGHAI, Oct 29 (SMM) – Shengtun Mining stated that the company does not supply nickel ore to other companies. The products offered by the company’s Indonesian nickel project are ferronickel. The company will further expand battery material projects, including high nickel matte, nickel sulphate, and nickel powder.

The company plans to invest in a new energy material project with an annual output of 300,000 mt of battery-grade nickel sulphate, 300,000 mt of battery-grade iron phosphate and 10,000 mt (Co content) of battery-grade cobalt products in Fuquan, Guizhou. The company is firmly optimistic about the future development of the new energy battery industry, adheres to the development strategy of controlling resources and expanding materials, and strives to explore deep processing of energy, metal and material manufacturing business expansion based on its own situation and industry development trends.