Ningbo Ronbay New Energy Technology Co.Ltd(688005) said in the announcement on the investor exchange conference disclosed on the evening of March 8 that the rapid rise of nickel futures price is a short-term phenomenon, which has no significant impact on the industry and the company; The company’s production and operation are normal, and the company does not participate in nickel futures trading.
The announcement shows that at present, nickel prices have risen rapidly in the short term due to panic and speculation in the futures market.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) believes that the supply and demand structure of nickel resource market has not changed, and the price will return to a reasonable range in the long run. The supply and demand fundamentals of nickel resources are not affected by the rapid rise of nickel futures prices, and the supply and demand structure has not changed significantly. The development prospect of power battery is broad. Indonesia’s hydrometallurgy technology and high nickel matte technology have been successful. Many Chinese foreign manufacturers have begun to layout nickel metal in Indonesia. In the long run, nickel resources are the supply-demand structure of oversupply, and the price will return to a reasonable period. During this period, high nickel cathode materials still have high growth space. Affected by the futures market, the sharp rise of nickel price is a very short-term behavior.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) said that the company’s raw material supply was normal and the raw material inventory cycle remained within a reasonable range. The rise of metal nickel price will not affect the profitability of the company in the short term. In the long run, the supply of nickel metal is sufficient, and the short-term nickel price fluctuation will not affect the long-term development of the industry, nor the operation and development of the company.
Ningbo Ronbay New Energy Technology Co.Ltd(688005) has a layout in terms of nickel resources, and it has successively signed strategic cooperation agreements with Zhejiang Huayou Cobalt Co.Ltd(603799) , Gem Co.Ltd(002340) .
According to relevant announcements, under the condition that Zhejiang Huayou Cobalt Co.Ltd(603799) provides Ningbo Ronbay New Energy Technology Co.Ltd(688005) with a competitive pricing method of metal raw materials and precursor processing fee, both parties expect the procurement volume of precursors to reach 415000 tons The strategic cooperation between Ningbo Ronbay New Energy Technology Co.Ltd(688005) and Gem Co.Ltd(002340) includes: Gem Co.Ltd(002340) affiliated companies will transfer 8% of their shares in Indonesia qingmeibang to Ningbo Ronbay New Energy Technology Co.Ltd(688005) Ningbo Ronbay New Energy Technology Co.Ltd(688005) plans to invest 18% equity or shares of Gem Co.Ltd(002340) holding power regeneration engaged in power battery recycling, disassembly and utilization, echelon utilization and powder sorting; No less than 26% of the materials and products produced by power regeneration (calculated by the proportion of metal quality in the final product) shall be supplied at the fair price Ningbo Ronbay New Energy Technology Co.Ltd(688005) . At the same time, Ningbo Ronbay New Energy Technology Co.Ltd(688005) and other partners are negotiating to carry out similar supply cooperation schemes to improve the stability of raw material supply by strengthening capital ties.
