Shengtun Mining: Considering to further expand nickel production capacity
:  : Nov 04,2021
Shengtun Mining recently stated that Youshan Nickel currently has no plans to expand production. The company is firmly optimistic about the application of nickel in the ternary field and is considering further expansion of nickel production capacity. The subsequent company will comprehensively plan based on the actual situation of its own business development and market industry factors.

The company does not supply nickel ore to other companies. At this stage, the company’s Indonesian nickel project produces ferronickel. In the future, the company will further expand battery material projects such as high matte, nickel sulfate, nickel powder and other battery materials. The company plans to invest in a new energy material project with an annual output of 300,000 tons of battery-grade nickel sulfate, 300,000 tons of battery-grade iron phosphate and 10,000 metal tons of battery-grade cobalt products in Fuquan City, 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 will explore energy metal deep processing and material manufacturing business expansion based on its own situation and industry development trends.

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