Dowstone Technology: Subsidiary signs NCM precursor sales contract for RMB5.9 billion with POSCO Chemical
2022-11-28 17:53:03 [Print]
Dowstone Technology announced on November 25 that it agreed its subsidiaries Hong Kong Jiana and Guangdong Jiana to sign the Purchase Contract with POSCO Chemical (the buyer)
. The subject of the contract is the NCM precursor (high-grade nickel) . The contract period is from January 2023 to December 2025, and the estimated total contract amount records about RMB5 . 9 billion (USD818 million), accounting for 89 . 82% of the company's audited operating income in 2021.