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Shengtun Mining invests in the construction of new energy materials project

 Last Update: 2021-09-30
 Source: Internet
 Author: User

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Sinochem News.
com News on September 23, Shengtun Mining announced that the company reviewed and approved the investment and construction of 300,000 tons of battery-grade nickel sulfate, 300,000 tons of battery-grade iron phosphate, and 10,000 tons in Fuquan City, Qiannan Prefecture, Guizhou Province.
New energy material project for battery-grade cobalt products
.

After the project is put into production, it is estimated that the annual operating income will be 15.

According to reports, the subject of the project is Guizhou Shengtun New Material Technology Co.
, Ltd.
, a wholly-owned subsidiary of Shengtun Mining, with a total investment of 6.
193 billion yuan, of which 5.
212 billion yuan will be invested in the project
.

The project uses ferronickel, high matte, nickel concentrate, and crude cobalt hydroxide as raw materials to produce battery-grade nickel sulfate, cobalt sulfate, iron phosphate, and cobalt tetroxide.

The total construction period of the project is three years, divided into two phases
.

The project started with the construction of the nickel sulfate system and phased the construction of nickel sulfate, cobalt products, iron phosphate and other production facilities

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