Huayou Cobalt currently has a layout in the middle and lower reaches of the lithium battery industry chain: upstream to master scarce resources, midstream to expand production capacity, and downstream to actively deploy ternary precursor products.
Upstream:
Cobalt: DRC, MIKAS & PE527 (further investment of USD$147.2m announced few months ago)
Nickel: recently announced to invest USD$713m in Indonesia.
Lithium: ......
Downstream:
in 2018, the company's 20,000-ton ternary precursor project capacity was released and the market developed smoothly. A total of 13,100 tons of ternary precursors were sold, a substantial increase of 57.39% over the same period of the previous year. In the future, it will cooperate with international companies such as Posco and LG. With the advancement of the Yuan precursor and cathode materials projects, there is still much room for improvement in the company's downstream materials.
