Tengyuan Cobalt Industry builds a new nickel cobalt project worth 500 million yuan

Recently, Tengyuan Cobalt announced a major investment expansion plan. The company plans to invest in the construction

 of a comprehensive product project with an annual output of 30000 tons of nickel and 3000 tons of cobalt in the chemical 

concentration area of Xijin New Materials Industrial Park in Ganxian District, Ganzhou City, Jiangxi Province. The total investment 

of the project reaches 511 million yuan, with an expected construction period of 18 months, and is expected to be officially 

completed and put into operation in December 2025.

According to the announcement, the funding source for this expansion project is entirely self raised by the company,

demonstrating Tengyuan Cobalt's firm confidence and strong strength in the field of new energy materials. After the completion

of the project, it will greatly enhance the company's production capacity, achieving a large-scale production of 3000 tons of 

cobalt and 30000 tons of nickel per year. At the same time, it will also have an additional production capacity of 24322 tons 

of sodium hypochlorite per year. This will not only enrich the company's product line, but also further consolidate and expand

 the company's share in the new energy materials market.

Tengyuan Cobalt stated that this investment expansion project is an important step in the company's strategic development. 

With the continuous growth of demand for high-performance battery materials in fields such as new energy vehicles and energy 

storage worldwide, the market demand for nickel and cobalt, as key raw materials, has also shown an explosive growth trend. The

 company's investment in the construction of the nickel cobalt electric project is based on a profound insight and accurate judgment

 of industry development trends, aiming to expand production capacity, improve quality, further meet market demand, and enhance

 the company's market competitiveness.

In addition, the company emphasizes that the implementation of this project will bring significant economic and social benefits. 

On the one hand, the completion and operation of the project will bring new economic growth points to the company, enhance 

its profitability and market position; On the other hand, the implementation of the project will also promote local employment 

and economic development, contributing more tax revenue and output value to the local economy.