FLASH: Zhongwei New Materials has built an integrated closed loop of "Resources + Smelting + Materials"

Zhongwei New Materials stated in response to investors' questions on the interactive platform that the company has built an integrated closed loop of "Resources + Smelting + Materials". Upstream, it has locked in over 700 million wet tons of nickel ore resources in Indonesia, deployed over 10 million tons of LCE salt lake lithium resources in Argentina, and controlled about 98.44 million tons of phosphate rock resources in Kaiyang, Guizhou. At the smelting end, relying on the dual technical routes of OESBF + RKEF, it has built a nickel production capacity of nearly 200,000 metal tons. At the material end, it has formed a pattern of coordinated development of four systems: nickel, cobalt, phosphorus and sodium. With the continuous deepening of the integrated layout, the company's resilience to resist the risk of single nickel price fluctuation is constantly increasing.