On June 5, CNGR Advanced Material Co., Ltd. responded to investors on an investor relations platform, stating that the company is positioning itself as a globally leading new energy materials science company. Its primary product portfolio includes nickel-based, cobalt-based, phosphorus-based, and sodium-based materials, as well as new energy metal products, which are widely used in new energy vehicles, energy storage, consumer electronics, low-altitude aircraft, robotics, and other end markets.
The company has secured two salt lake lithium assets in Argentina, with an estimated lithium resource of more than 10 million tonnes of LCE. Both projects are currently in the exploration and construction phase. CNGR is accelerating development as planned and will fulfill its information disclosure obligations in accordance with regulations.
Over the next three to five years, CNGR will focus on an integrated "resources + smelting + materials + recycling" pathway. It aims to scale up its four major material systems -- nickel, cobalt, phosphorus, and sodium -- while strengthening its strategic resource base in nickel, phosphorus, and lithium, and advancing the development of a closed-loop battery recycling system, thereby solidifying its global leadership position. On profitability, the company is systematically improving material gross margins and profit levels through multiple measures: cost reduction via upstream resource self-sufficiency, increased volumes of high-value-added products, process technology upgrades, and recycling initiatives.
Written by Cora Ji, jiruyan@mysteel.com
