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    Huayou Cobalt to raise no more than RMB17.7 billion to increase lithium battery material capacity

    2022-06-20 12:21:12   [Print]
    Huayou Cobalt announced on June 19th that it will raise no more than RMB17.Asian Metal Copyright .Asian Metal Copyright7 billion (USD2.Asian Metal Copyright7 billion USD2.Asian Metal Copyright66 billion) through private placement and all the funds, after the deduction of issuance fees, will be used to develop Indonesia Huashan Nickel and Cobalt Company's 120,000tpy (metal volume) nickel & cobalt hydroxide hydrometallurgical project and Guangxi Huayou Lithium's 50,000tpy battery grade lithium salt project and supplement working capitals.

    .Asian Metal Copyright7 billion USD2Asian Metal Copyright
    Lithium Hydroxide Monohydrate LiOH 56.5%min, Magnets 0.0001%max Delivered South Korea
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    China lithium hydroxide monohydrate producers; inventory to production ratio statistics by province by month
    Unit: %
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