News: AJM Ningbo Shanshan's Unit To Invest A$22.4 Mln In Altura Mining, page-219

Moving along ....


....from days of yore;
(I guess you don’t get to be number seven in Bloomberg’s 2018  tally of Chinese battery giants unless you know how to play hard ball along with the rest of those big guys? And, in regards the future and EV,  clearly the Ningbo Shanshan team  is thinking very big .... )

https://news.metal.com/newscontent/...gh-nickel-cathode-materials-project-in-hunan/
“Ningbo Shanshan to build high-nickel cathode materials project in Hunan
SHANGHAI, Apr 25 (SMM) – Shanshan Energy, a unit under Ningbo Shanshan, planned to invest about 1.58 billion yuan to build a high-nickel cathode materials project with designed capacity of 28,800 mt/year in Changsha of Hunan province, the company said in a statement on Wednesday April 24.

This is expected to expand Shanshan's capacity in producing high-end lithium-ion battery materials and strengthen its competitiveness in the new energy industry.

Shanshan’s lithium battery materials business registered an operating revenue of over 7 billion yuan for the year of 2018, up 16.06% from 2017, according to the company’s annual report released on late Wednesday.

Net profit attributable to shareholders, however, fell 21.67% to 441.16 million yuan.”


More on that here :
https://steelguru.com/metal/ningbo-...kel-cathode-materials-project-in-hunan/539122
Ningbo Shanshan to build nickel cathode materials project in Hunan



Image  Source: Yicai Global
SMM reported that Shanshan Energy, a unit under Ningbo Shanshan, planned to invest about CNY 1.58 billion to build a high-nickel cathode materials project with designed capacity of 28,800 tonnes per year in Changsha of Hunan province. This is expected to expand Shanshan's capacity in producing high-end lithium-ion battery materials and strengthen its competitiveness in the new energy industry.

Shanshan’s lithium battery materials business registered an operating revenue of over CNY 7 billion for the year of 2018, up 16.06% from 2017. Net profit attributable to shareholders, however, fell 21.67% to CNY 441.16 million.”


Work on the Hunan site was started back in February 2018 ;
https://www.yicaiglobal.com/news/sh...w-materials-factory-for-lithium-ion-batteries
.....The base will produce anode materials for batteries, such as lithium cobalt oxide and lithium manganate.
It will occupy about 200 acres of land, with the first phase using up 36 acres.”