SMM Nickel Journey to Jiangsu-- second stop Yangzhou Yichuan Nickel Co., Ltd.

SMM7 March 14: since 2020, the rapid expansion of the new energy industry has led to a rising demand for nickel, and the terminal application of nickel has started a new chapter. However, even with the expanding demand for new energy, stainless steel still occupies an absolutely dominant position in the consumer side of nickel, and the influence of this production line can not be ignored. The announcement of the Castle Peak High Ice Nickel Project in March 2021 will connect two parallel industrial chains, and the complexity of the nickel industry chain and the influence of each link on the whole industry are deepening. And with the development of the Indonesian nickel industry, changes have taken place in the domestic market, especially in the nickel-iron-stainless steel industry chain, how to solve the problem of single source of raw materials in domestic ferronickel plants in the future? How do Ferro Nickel and stainless Steel plants deal with the squeeze of low-cost products in Indonesia? Will there be a layout of nickel raw materials in the stainless steel plant in the future?

Hereby, we have integrated the upstream and downstream enterprises of the nickel iron and stainless steel industry chain, opened the first stop of our 2021 demon nickel journey-- water scenery Jiangsu, and inspected the production of Chinese nickel industry chain enterprises together with the industry bosses. Seek more accurate and in-depth cooperation to create more effective and sustainable exchanges.

July 13-16 SMM New Energy Division marketing consultants Wu Chenyu, Pan Jinxiu and nickel and stainless steel industry chain analyst Li Chuntian and other SMM staff as well as members of the delegation mainly visited the production situation of nickel industry chain enterprises in Jiangsu: the second stop Yangzhou Yichuan Nickel Co., Ltd.

Enterprise voice

Today, SMM and members of the delegation came to Yangzhou Yichuan Nickel Co., Ltd., where the leaders of Yangzhou Yichuan Nickel Co., Ltd. extended a warm welcome and received them. First of all, Yangzhou Yichuan Nickel Co., Ltd. introduced the business development of the company in detail.

Yangzhou Yichuan Nickel Industry Co., Ltd. is located in No. 3 Beach of Yanjiang Village, Lidian Town, Guangling District, Yangzhou City, Jiangsu Province. The company was established in October 2011 with a registered capital of 105 million yuan. The company covers a total area of 170000 square meters and adopts the international mainstream RKEF (rotary kiln + submerged arc furnace) production process. Yichuan Company completed construction and put into production in October 2012, and the second production line was officially put into production in June 2019. The company mainly produces 10-15% high Ni-Fe alloy, and the products are mainly sold to Posco in Zhangjiagang.

The company's main raw material logistics path: foreign procurement of nickel ore through the foreign ship to the domestic seaport unloading, unloaded ship to the Yangtze River wharf, and then short to Yichuan wharf. Nickel slag is one of the company's sources of income, this product is generally sold to concrete companies, mainly used as building materials. It is estimated that about 270000 tons of slag will be sold in 2021, with an income of about 20 million yuan.

In response to the goal of "carbon peak" and "carbon neutralization", Yangzhou Yichuan is currently carrying out new clean energy construction, wind power generation projects and electric energy storage projects are being built, and the first phase of the project plans to build three wind towers. When the capacity of the electric energy storage project is about 12 megawatts, there are also supporting solar and photovoltaic projects planned for the later stage.

Visit the factory

Subsequently, SMM and members of the delegation visited the factory of Yangzhou Yichuan Nickel Co., Ltd., to gain an in-depth understanding of the technical advantages and features of the products.

exchange of technical know-how

SMM and representatives of nickel industry chain enterprises had in-depth exchanges on the core competitiveness and future development planning of Yangzhou Yichuan Nickel Co., Ltd.

The company's scientific research, design, manufacturing, installation and marketing as one, business scope: high-quality Ni-Fe alloy (NPI) production and sales and related technology development, utilization, transfer, self-produced solid waste sales. The company actively responds to the call of the state to encourage Chinese enterprises to develop overseas nickel resources, makes use of imported rich laterite nickel ore resources, adopts RKEF process ore thermal furnace smelting to produce high quality nickel alloys, and develops a new process stainless steel industry chain.

On March 22,2018, our company signed a cooperation memorandum with (SMSP), the South Pacific Mining Company of New Caledonia, to purchase 600000 tons of laterite nickel ore for the whole year. From September 2018 to March 2021, our company achieved a main business income of about 1.25215 billion yuan and a profit of about 33 million yuan.

During the period, a total of about 1.126 million tons of laterite nickel ore was purchased, including about 790000 tons of Xinka ore, accounting for 70.16% of the total purchased nickel ore. The actual consumption of laterite nickel ore is about 1.1286 million tons, of which Xinka ore is about 770000 tons, accounting for 68.23% of the total consumption. Therefore, New Caledonia Nickel Mine plays an important role in the consumption of raw materials in our company. Other raw materials bituminous coal consumption of about 98000 tons, reducing agent white coal about 71400 tons, power consumption of about 543.05 million kilowatt-hours, a total of 114577 tons of products.

The company began to build a second production line in September 2018, with a total investment of about 120 million yuan (including a set of ultra-low emission environmental protection facilities of about 40 million yuan). The initial construction of the new second line was completed in June 2019 and was fully put into normal production at the end of July, with an average monthly output of 4000 tons. After the normal operation of the two lines, the annual output prepaid will reach 100000 tons, and the annual sales are expected to reach 12-1.4 billion yuan. After the production of the two lines, it is estimated that the annual use of raw materials laterite nickel ore 1.2 million tons, bituminous coal 85000 tons, reducing agent 72000 tons, power consumption 450 million kilowatt-hours.

Take a group photo as a souvenir

After visiting the factory, representatives of SMM and nickel industry chain enterprises took a group photo with Yangzhou Yichuan Nickel Co., Ltd. to increase their deeper cooperation and friendship. I believe there will be deeper exchanges and cooperation in the future!

After this visit and research, SMM and representatives of nickel industry chain enterprises have a deeper understanding of the products, technology and company development of Yangzhou Yichuan Nickel Co., Ltd. at the same time, they have a deeper understanding of the current market situation, development trend and existing problems of the nickel industry, and will continue to deepen cooperation with major enterprises to achieve complementary advantages and jointly promote the development of China's nickel industry.