Huayou cobalt industry plan in 2018 from 50% in Africa mining industry supply chain management was established

The LME metals seminar Asia held in Hong Kong, vice President of huayou cobalt industry Frank Chen said huayou cobalt industry plan will yield increased by 50% in 2018, the increased from the original annual production capacity of 20000 tons to 30000 tons, to increase the supply of the electric car market. The company has also established the supply chain management of mining in Africa.

From huayou cobalt industry in the first quarter report, report company operating income is 34.300 million Yuan, an increase of 96.36%;Net profit attributable to shareholders of listed companies is 8.500 million Yuan, an increase of 237.96%;Basic earnings per share is 1.$44, 242 year-on-year growth.86%.And huayou cobalt industry also said on May 17, cobalt product sold more than 10000 companies in the first quarter of 2018 tons. Reduced metal quantity nearly 5500 tons. Huayou cobalt industry have all along maintained good relations, and ShengTun mining to ShengTun mining cobalt products' raw materials procurement.

And huayou cobalt industry also thinks, cobalt and ternary precursor products production volume growth, the main products continue to maintain high prices, expect the company to the next report the final cumulative net profit year-on-year have a substantial increase.

Wanbao mineral co., LTD., executive vice President wei-guo ma is expected, cobalt supply market boom will last until 2021, then slowed. He also said in 2020, wanbao cobalt production for 8000 to 10000 tons, while global output for 160000 to 180000 tons.

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