At its 2026 Q3 earnings briefing, Huayou Cobalt stated that its supporting projects in Indonesia for sulfuric acid production from gypsum and sulfuric acid production from pyrite are underway, as the company builds its own acid supply sources to counter a 126% increase in sulfur prices in H1.
The company's 25,000-tonne cathode materials project in Hungary is basically completed and has entered production commissioning, and long-term agreements have been signed with LGES and EVE Energy. The company is advancing mass production of all-solid-state lithium-rich manganese-based materials jointly with WeLion New Energy. The acquisition of Atlantic Lithium continues the company's layout of overseas resources, international manufacturing and global markets.
Edited by Cassie Li, lixiangying@mysteel.com
