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China Zhongji Investment completes a targeted investment in Hanrui Cobalt


Recently, China Zhongji Investment completed a targeted investment in Nanjing Hanrui Cobalt Industry Co., Ltd. (hereinafter referred to as "Hanrui Cobalt"), a leading cobalt powder manufacturer. Hanrui Cobalt is a leading cobalt powder company in China and a world-renowned cobalt powder manufacturer. It is one of the few companies with a complete cobalt industry chain.

 

Founded in 1997, Hanrui Cobalt is headquartered in Jiangning Economic and Technological Development Zone, Nanjing. The company is mainly engaged in the mining, smelting, and processing of copper and cobalt resources, and the production of copper and cobalt products. Its main products include electrolytic copper, electrolytic cobalt, crude cobalt hydroxide, and cobalt powder. Currently, it has gradually formed a complete industrial chain from the development and acquisition of raw material cobalt ore to the processing, smelting of cobalt ore, and finally to cobalt intermediate products and cobalt powder.
 

 
In recent years, Hanrui Cobalt's smelting capacity has been continuously increasing. According to incomplete statistics, it currently has a production capacity of 5,000 tons of cobalt hydroxide, 10,000 tons of electrolytic copper, 4,000 tons of cobalt concentrate, and 4,500 tons of cobalt powder. The production capacity of 20,000 tons of electro-deposited copper and 5,000 tons of electro-deposited cobalt in the Democratic Republic of Congo is expected to be put into production in 2020.
 
With the completion of its cobalt industry chain layout, Hanrui Cobalt has begun to enter the field of cobalt new materials and ternary precursors. It is currently constructing a metal ton new cobalt material project (including 5,400 tons of cobalt sulfate, 1,600 tons of cobalt chloride, and 3,000 tons of tricobalt tetraoxide) and a 26,000-ton ternary precursor project. After the completion of the project, Hanrui Cobalt's industrial chain will be extended to the new energy vehicle industry chain, further improving its industrial layout and enhancing its profitability.
 
In terms of technology, Hanrui Cobalt has always focused on the technological research and development and production of cobalt powder, and has strong independent research and development and innovation capabilities, owning independent international brands. The main technical indicators of its cobalt powder, such as morphology and particle size uniformity, can meet the requirements of different customers in different industries for the quality and performance of cobalt powder. At the same time, in terms of key technical indicators such as the adhesion, purity, and oxygen content of cobalt powder, it can be customized according to customer needs, and has strong competitiveness in the global cobalt powder market.
 

Yang Zhigang, partner of China Zhongji Investment and executive president of the wealth management center, said that as a leading cobalt powder company, Hanrui Cobalt has focused on its niche field for 23 years, mastering independent core technologies, steadily improving its industrial chain layout, and gradually releasing its production capacity. It has great growth potential in the future. On the other hand, affected by the epidemic, the continuous tension in cobalt ore supply has led to capacity restrictions or closures in several cobalt mines. With the increase in investment in the new energy vehicle market in many countries around the world, and cobalt being an important material for new energy vehicles, demand has increased significantly. The combined positive factors on both the supply and demand sides will strongly support the performance growth of Hanrui Cobalt. This investment is believed to bring stable and secure returns. We will also continue to focus on investment opportunities in targeted increases of outstanding companies, creating value for shareholders and customers.