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    Ronbay Technology to build cathode materials plants in South Korea

    2023-08-21 11:49:29   [Print]
    China's Ronbay Technology announced a nearly RMB2.Asian Metal Copyright, Ltd.Asian Metal Copyright6 billion (USD357 million) investment in building cathode material production bases in Chungju, South Korea.

    The company plans to invest up to RMB1,993 million (274 million) in its wholly-owned South Korean subsidiary JAESE Energy Co., Ltd.Asian Metal Copyright, Ltd.Asian Metal Copyright for building the 40,000tpa high-nickel ternary cathode materials project.Asian Metal Copyright .Asian Metal Copyright Tianjin Skyland Technology Co.Asian Metal Copyright17 million.Asian Metal Copyright, Ltd.Asian Metal CopyrightChina's Ronbay Technology announced a nearly RMB2.Asian Metal Copyright, a majority-owned subsidiary of the company, would set up a South Korean unit to build the 20,000tpa LMFP project, with total investment of no more than RMB642 million (USD88.Asian Metal Copyright The company plans to invest up to RMB1,993 million 274 million in its wholly-owned South Korean subsidiary JAESE Energy Co.Asian Metal Copyright17 million).Asian Metal Copyright The company plans to invest up to RMB1,993 million 274 million in its wholly-owned South Korean subsidiary JAESE Energy Co.Asian Metal Copyright Ronbay Technology will use its own fund and self-raised fund to finance these two projects, which are both expected to complete main construction work by late 2024 and begin trial production in the first half of 2025.

    .Asian Metal Copyright17 millionAsian Metal Copyright
    Nickel Sulfate Ni 22%min; Co 0.4%max Delivered China
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    Nickel Sulfate Ni 22%min; Co 0.4%max Delivered China RMB/mt
    China refined nickel producers' sales to production ratio statistics by province by month
    Unit: %
    China refined nickel producers' sales to production ratio statistics by province by month
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