Huayou Cobalt maintains steady growth in nickel, cobalt, and lithium shipments
2026-04-08 13:51:35 [Print]
Zhejiang Huayou Cobalt Co., Ltd. delivered record financial and operating performance in its latest annual report, with 2025 revenue reaching RMB81.02 billion (USD11.86 billion), up 32.94% year-on-year, driven by steady growth in major product outptut and sales.
In 2025, shipments of ternary cathode materials exceeded 100,000 tonnes, surging 108% YoY. Among these, high-nickel N9-series products captured over 33% market share, while high-end cylindrical battery cathode materials exceeded 60% market share, maintaining an industry-leading position. Ternary precursor shipments rose modestly by 5.15% YoY.
Annual nickel product shipments reached approximately 292,500 metal tonnes, up 58.72% YoY. Cobalt shipments totaled about 46,500 metal tonnes, remaining stable on the whole, while lithium carbonate shipments increased 38.58% YoY to 54,400 tonnes. Copper shipments declined 27.67% YoY to 65,300 metal tonnes.
The company's upstream HPAL projects in Indonesia maintained stable and high output, with MHP shipments reaching 236,500 tonnes, up 30% YoY. To date, the company has secured over 1.4 billion wet metric tonnes of nickel resources in Indonesia and has established a total production capacity of 245,000 metal tonnes of nickel intermediate products.
In 2025, shipments of ternary cathode materials exceeded 100,000 tonnes, surging 108% YoY. Among these, high-nickel N9-series products captured over 33% market share, while high-end cylindrical battery cathode materials exceeded 60% market share, maintaining an industry-leading position. Ternary precursor shipments rose modestly by 5.15% YoY.
Annual nickel product shipments reached approximately 292,500 metal tonnes, up 58.72% YoY. Cobalt shipments totaled about 46,500 metal tonnes, remaining stable on the whole, while lithium carbonate shipments increased 38.58% YoY to 54,400 tonnes. Copper shipments declined 27.67% YoY to 65,300 metal tonnes.
The company's upstream HPAL projects in Indonesia maintained stable and high output, with MHP shipments reaching 236,500 tonnes, up 30% YoY. To date, the company has secured over 1.4 billion wet metric tonnes of nickel resources in Indonesia and has established a total production capacity of 245,000 metal tonnes of nickel intermediate products.
Copper Scrap Wire 99%min Delivered China
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China refined copper producers' operating rate statistics by province by month
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