On October 28, Guangdong Feinan Resources Utilization Co., Ltd. announced that its wholly-owned subsidiary, Guangxi Feinan Resources Utilization Co., Ltd., plans to invest approximately Yuan 880 million in a new energy materials project. The project will utilize nickel matte--either self-produced or externally sourced--to produce nickel sulfate and electrodeposited nickel, with a total construction period expected to be 20 months.
According to the announcement, the project will cover an area of about 179 mu (roughly 12 hectares). The production process will involve leaching, extraction, evaporative crystallization, and electrowinning to convert nickel matte into nickel sulfate and electrowon nickel.
Feinan Resources stated that the company has already mastered the production technologies for nickel sulfate and electrodeposited nickel. The investment by Guangxi Feinan is intended to further extend the company's resource recovery product chain, enhance profitability and risk resilience, and strengthen its core competitiveness, aligning with both corporate strategy and shareholder interests.
Written by Cora Ji, jiruyan@mysteel.com
