Huayou Cobalt stops producing nickel cathode
2016-06-30 16:10:28 [Print]
BEIJING (Asian Metal) 30 Jun 16 - In line with the company arrangements, Zhejiang Huayou Cobalt Co
Located in Tongxiang, Zhejiang province, the company has annual capacity of 6,000tpy. Due to poor nickel cathode market in H2 2015, prices for the material continued to hover at low level and they have maintained output at 400tpm since September 2015 . “We plan to focus on power-related material in the future as demand for nickel sulfate still lies at relatively low level in spite of better market, that’s why we stopped producing nickel cathode and focus on nickel sulfate and NCM precursors,” said the source.
They started producing nickel sulfate since January 2016 and keep all the output for their own use without providing the material to others. They produced 5,180t of nickel cathode in 2015 and around 2,000t so far in 2016, with no stock in hand for the moment.
. , Ltd . has stopped producing nickel cathode since late May, a source from the company told Asian Metal.Located in Tongxiang, Zhejiang province, the company has annual capacity of 6,000tpy. Due to poor nickel cathode market in H2 2015, prices for the material continued to hover at low level and they have maintained output at 400tpm since September 2015 . “We plan to focus on power-related material in the future as demand for nickel sulfate still lies at relatively low level in spite of better market, that’s why we stopped producing nickel cathode and focus on nickel sulfate and NCM precursors,” said the source.
They started producing nickel sulfate since January 2016 and keep all the output for their own use without providing the material to others. They produced 5,180t of nickel cathode in 2015 and around 2,000t so far in 2016, with no stock in hand for the moment.