On the evening of June 5, Hanrui Cobalt disclosed its 2026 private placement plan and nickel project investment announcement. The company plans to raise up to Yuan 2.353 billion, of which Yuan 2.003 billion will be invested in the project for an annual production capacity of 40,000 tonnes of electroplated nickel and 40,000 tons (in nickel metal content) of battery-grade nickel sulfate, with the remaining Yuan 350 million to be used for replenishing working capital.
Further details indicate that this proposed placement project will be implemented by the company's wholly-owned subsidiary, Ganzhou Hanrui New Energy Technology Co., Ltd. The construction site is located in the Ganzhou High-tech Industrial Park in Jiangxi Province, with a total construction area of 141,500 square meters, and the construction period is expected to be approximately 24 months.
In terms of capacity layout, the company's 20,000-tonne (in nickel metal content) oxygen-enriched continuous converting high-grade nickel matte project in Indonesia was completed and put into operation at the end of March 2026. The proposed placement project will directly absorb this capacity, with any shortfall supplemented through external purchases. The company stated that the synergy between the proposed placement project and the Indonesian high-grade nickel matte project achieves an ecological closed loop of the nickel industry chain from resources to materials.
Edited by Cassie Li, lixiangying@mysteel.com
