Shengtun mining said it does not supply nickel ore to other companies and is currently producing nickel iron from its Indonesian nickel project. In the future, the company will further expand the high nickel matte, nickel sulfate, nickel powder and other battery materials projects. The company plans to invest and construct a new energy material project with an annual output of 300,000 tons of battery-grade nickel sulfate, 300,000 tons of battery-grade iron phosphate and 10,000 tons of metal battery-grade cobalt in Fuquan city, Guizhou Province. The company is firmly optimistic about the future development of new energy battery industry, adhere to the development strategy of upper control of resources and lower expansion of materials, and will explore the expansion of energy metal deep processing and material manufacturing business based on its own situation and industry development trend.
