Lanshi partners with Jinchuan to build nickel-based alloy project
2025-03-21 14:45:08 [Print]
On March 20, Lanzhou Lanshi Group Co., Ltd., Lanzhou Lanshi Super Alloy New Material Co., Ltd., and Jinchuan Group Nickel Alloy Co., Ltd. reached a joint venture agreement to invest 270 million yuan (37.25 million US dollars) to establish Lanzhou Jinchuan Nickel Alloy Co., Ltd. (tentative name) in Lanzhou New Area.
Under the agreement, Jinchuan Group Nickel Alloy will hold a 70% stake in the joint venture, while Lanshi Group and Lanshi Super Alloy will hold 11.5% and 18.5%, respectively. The joint venture will develop a production line for advanced nickel-based alloy materials, with an annual capacity of 10,000 tonnes, catering to high-end equipment manufacturing.
The project will leverage Jinchuan Group's unique advantages in nickel, cobalt, and other resource, along with its smelting expertise, while integrating Lanzhou LS Group's 125MN fast forging hydraulic unit and other heavy equipment manufacturing and forging technologies. This collaboration will create a vertically integrated industrial chain spanning "nickel ore – smelting – deep processing – high-end equipment manufacturing."
With a total projected investment of 400 million yuan (55.18 million US dollars), the project is expected to produce 6,000 tonnes of high-temperature corrosion-resistant alloy, 2,000 tonnes of pure nickel, and 2,000 tonnes of Monel alloy annually. These materials will serve key sectors such as aerospace, national defense, nuclear power, and ultra-supercritical materials. Once operational, the project is anticipated to significantly reduce China's reliance on imported high-end nickel-based alloys, ensuring a stable, self-sufficient supply for critical initiatives, including domestically produced large aircraft, fourth-generation nuclear power, and deep-sea submersibles, etc.
Under the agreement, Jinchuan Group Nickel Alloy will hold a 70% stake in the joint venture, while Lanshi Group and Lanshi Super Alloy will hold 11.5% and 18.5%, respectively. The joint venture will develop a production line for advanced nickel-based alloy materials, with an annual capacity of 10,000 tonnes, catering to high-end equipment manufacturing.
The project will leverage Jinchuan Group's unique advantages in nickel, cobalt, and other resource, along with its smelting expertise, while integrating Lanzhou LS Group's 125MN fast forging hydraulic unit and other heavy equipment manufacturing and forging technologies. This collaboration will create a vertically integrated industrial chain spanning "nickel ore – smelting – deep processing – high-end equipment manufacturing."
With a total projected investment of 400 million yuan (55.18 million US dollars), the project is expected to produce 6,000 tonnes of high-temperature corrosion-resistant alloy, 2,000 tonnes of pure nickel, and 2,000 tonnes of Monel alloy annually. These materials will serve key sectors such as aerospace, national defense, nuclear power, and ultra-supercritical materials. Once operational, the project is anticipated to significantly reduce China's reliance on imported high-end nickel-based alloys, ensuring a stable, self-sufficient supply for critical initiatives, including domestically produced large aircraft, fourth-generation nuclear power, and deep-sea submersibles, etc.
Nickel Sulfate Ni 22%min; Co 0.4%max Delivered China
Unit:RMB/mt
China nickel sulfate producers' sales volume statistics by province by month
Unit: mt
