Zhejiang Huayou Cobalt Co.Ltd(603799) announced that the company has reached strategic cooperation intentions with Volkswagen and Castle Peak holdings on the upstream and downstream cooperation of power battery cathode material industry chain, and plans to jointly layout the development of nickel and cobalt resources in Indonesia, as well as the integrated business of power battery cathode materials such as nickel and cobalt sulfate refining, precursor processing and cathode material production. The company, Volkswagen (China) and Aoyama holdings plan to establish a joint venture in Indonesia to jointly layout the nickel cobalt resource development business, jointly build an internationally competitive nickel cobalt raw material supply base for new energy power batteries, and establish a transparent and sustainable supply chain. The planned construction scale of the joint venture can meet the supply of nickel and cobalt raw materials for about 160gwh battery. The company and Volkswagen (China) plan to establish one or more joint ventures in Guangxi and other places to invest in the construction of new energy lithium battery cathode material integration projects, engaged in nickel cobalt sulfate refining, ternary precursors and ternary cathode materials. The two sides will strengthen the technological innovation and coordination of the whole industrial chain such as precursors and cathode materials, and jointly build an internationally competitive integrated manufacturing platform for new energy lithium battery materials.
[ company report ]
Zhejiang Huayou Cobalt Co.Ltd(603799) clarify the rumor: at present, the company has not been forced to close its position
Zhejiang Huayou Cobalt Co.Ltd(603799) issued a Clarification Announcement. The company was concerned about the media reports about the company’s accumulation of a large number of short positions in the nickel derivatives market and the possible influence of the company’s Indonesian nickel resource development project by the partners. The company clarifies that nickel is the main raw material in the production and operation of the company. Recently, the nickel futures market has experienced abnormal fluctuations. Up to now, the company has not been forced to close its positions, and the risk is controllable. The company’s production and operation are normal. Nickel and cobalt resource development projects such as the laterite nickel ore hydrometallurgy crude nickel and cobalt hydroxide project and the laterite nickel ore pyrometallurgy high matte project arranged in Indonesia are normally promoted. Among them, the laterite nickel ore hydrometallurgy project with an annual output of 60000 tons of nickel metal of the subsidiary Huayue nickel and cobalt Co., Ltd. has been successfully put into trial production.
Zhejiang Huayou Cobalt Co.Ltd(603799) holding subsidiary plans to increase capital of Huayou Posco and Puhua company
Zhejiang Huayou Cobalt Co.Ltd(603799) announced that Huayou new energy and POSCO chemical, the holding subsidiaries of the company, plan to increase the capital of Huayou Posco and Puhua respectively. Huayou POSCO plans to increase its registered capital by 144532 million yuan, of which Huayou new energy will increase its registered capital by 867.19 million yuan. After the capital increase, Huayou POSCO’s registered capital will increase from 336 million yuan to 178132 million yuan. Huayou new energy holds 60% of the equity of Huayou POSCO. Puhua company plans to increase the registered capital by 163769 million yuan, of which Huayou new energy will increase the capital by 65.08 million yuan. After the capital increase, the registered capital of Puhua company will increase from 310 million yuan to 194769 million yuan. Huayou new energy holds 40% of the equity of Puhua company.
