Shaanxi Silver Mining and Hongma Technology advance nickel sulfate project
2025-03-21 14:49:32 [Print]
Shaanxi Silver Mining Co., Ltd. and Shaanxi Hongma Technology Co., Ltd. have entered into a strategic partnership to jointly advance the construction of a 4,800tpa nickel sulfate production project. Located in the provincial chemical park of Xizan Industrial Park in the Hancheng Economic Development District, the project will primarily produce key raw materials for ternary lithium battery precursors, including nickel sulfate and cobalt sulfate. Upon completion, the project's products will be directly supplied to Hongma Technology's 20,000tpa ternary precursor production line, creating a closed-loop industrial chain that integrates raw materials, materials, batteries, and recycling.
Leveraging its Jianchaling nickel resources, Shaanxi Silver Mining will ensure a stable supply of raw materials for the project. This collaboration marks a significant shift from the traditional single-sale model of Jianchaling's nickel concentrate toward deep processing, increasing product value and reducing dependence on volatile nickel metal prices.
Jianchaling has identified nickel ore reserves of 41.58 million tonnes, containing 173,000 tonnes of nickel. Following a capacity upgrade led by Changsha Nonferrous Metallurgy Design and Research Institute, the mine is expected to achieve an annual production capacity of 90,000 tonnes of nickel concentrate and 5,000 tonnes of nickel metal.
Looking ahead, Shaanxi Silver Mining plans to invest in R&D for strategic "bottleneck" materials such as space-grade nickel-based superalloys and high-purity nickel targets. The company aims to establish a three-tier product portfolio spanning basic materials, high-end alloys, and precision components, targeting emerging strategic industries such as aerospace and semiconductors.
Leveraging its Jianchaling nickel resources, Shaanxi Silver Mining will ensure a stable supply of raw materials for the project. This collaboration marks a significant shift from the traditional single-sale model of Jianchaling's nickel concentrate toward deep processing, increasing product value and reducing dependence on volatile nickel metal prices.
Jianchaling has identified nickel ore reserves of 41.58 million tonnes, containing 173,000 tonnes of nickel. Following a capacity upgrade led by Changsha Nonferrous Metallurgy Design and Research Institute, the mine is expected to achieve an annual production capacity of 90,000 tonnes of nickel concentrate and 5,000 tonnes of nickel metal.
Looking ahead, Shaanxi Silver Mining plans to invest in R&D for strategic "bottleneck" materials such as space-grade nickel-based superalloys and high-purity nickel targets. The company aims to establish a three-tier product portfolio spanning basic materials, high-end alloys, and precision components, targeting emerging strategic industries such as aerospace and semiconductors.
Nickel Sulfate Ni 22%min; Co 0.05%max Delivered China
Unit:RMB/mt
China nickel sulfate producers' sales to production ratio statistics by province by month
Unit: %
