News summary
[Gemma: It has not yet reached overcapacity in the field of hydrometallurgical nickel resources] Securities Times e Company Newsabugarciamassbeat3, Gemma said on the interactive platform on May 26 that according to market demand, by 2026, the global demand for wet-process nickel resources will reach 1 million tons. Currently, globallyabugarciamassbeat3...
Newsletter text
[Gemma: It has not yet reached overcapacity in the field of hydrometallurgical nickel resources] Securities Times e Company News, Gemma stated on the interactive platform on May 26 that according to market demand, by 2026, global demand for hydrometallurgical nickel resources will reach 1 million tons. Currently, only 300,000 tons of hydrometallurgical nickel resource projects have been built around the world, far below the future demand. Therefore, overcapacity has not yet been reached in the field of hydrometallurgical nickel resources. The company's nickel resource advantages and leading hydrometallurgical technology can firmly connect the global industrial chain. The new energy market in Europe and the United States is dominated by ternary batteries. European and American ternary batteries account for 70% of the market. With nickel resources, they have the initiative in the future market in Europe and the United States. At the same time, the recycling value of ternary batteries is much higher than that of lithium iron phosphate. Europe and the United States do not have the ability to recycle used batteries, and landfill is not allowed. Therefore, ternary batteries will still be the mainstream in the European and American markets in the future, and there will be no excess of high-nickel and ultra-high nickel high-quality production capacity. In the current environment of slowing growth in new energy, the company took the lead in deploying precursor factories in Indonesia and South Korea to seize the opportunity of competition in the European and American markets.
