On June 6, Hanrui Cobalt disclosed that it plans to invest in the construction of the "Annual 40,000-Ton Electrolytic Nickel and 40,000-Ton Battery-Grade Nickel Sulfate Project" in Ganzhou City, Jiangxi Province, through its wholly-owned subsidiary, Ganzhou Hanrui New Energy Technology Co., Ltd. The total investment for the project is 2,002.5278 million yuan, and the project funds will come from the company's own funds or self-raised funds. With the completion and operation of the company's nickel resource smelting base in Indonesia, raw materials for this investment project will in the future be partially supplied directly from the Indonesian base, achieving an ecological闭环 in the nickel industry chain from resources to materials.

Recently, the Shanghai Futures Exchange announced its approval for the registration of "DX-zwdx" brand electrolytic nickel (electrowinning process, Ni99.96) produced by PT CNGR DING XING NEW ENERGY, with a registered production capacity of 50,000 tons. Starting from the date of the announcement, this product can be used for the settlement of nickel futures contracts on the Shanghai Futures Exchange. The product is sourced from the IMIP Industrial Park in Central Sulawesi Province, Indonesia.

Recently, the Ecology and Environment Bureau of Fuzhou City, Fujian Province, published a public notice regarding the approval decision on the environmental impact assessment document for the "Power Battery Recycling Comprehensive Utilization Project of a Company in Fujian." Upon completion, the project will be capable of recycling and processing 40,000 tons of waste power batteries annually. This includes the cascading utilization of 12,000 tons of batteries per year and the production of 30,000 tons per year of battery raw materials (copper powder, aluminum powder, electrolytic nickel, high-purity nickel sulfate solution, electrolytic cobalt, high-purity cobalt sulfate solution, crude manganese carbonate, high-purity lithium sulfate solution, and copper sponge, etc.).

Recycling Industry Events This Week (December. 29-31)

[Fujian Waste Battery Material Recycling Project Launched] Recently, a new energy battery material recycling project invested in and constructed by a company in Fujian Province has achieved a critical milestone. According to a notice released by the Ningde Municipal Ecology and Environment Bureau on December 29, 2025, the environmental impact report for the project has entered the stage of intended approval. Upon completion, the project will have an annual production capacity of 52,000 tons of new energy battery series materials. Products will include nickel-cobalt-manganese sulfate, cobalt tetroxide, manganese tetroxide, electrolytic nickel, and lithium carbonate, among others required for battery manufacturing.

【Jiangxi Fuzhou Power Lithium Battery Recycling Project Lands】Recently, the official website of the Jinxi County People's Government in Fuzhou City, Jiangxi Province, released the first environmental impact assessment information announcement for the "New Energy Storage Materials Project by a company in Jiangxi Province." The construction site is located in the Chengxi High-Tech Development Zone, Jinxi County, Fuzhou City, Jiangxi Province. The project involves new construction that uses various valuable metal alloys, scraps, waste ternary lithium batteries, positive/negative electrode materials, graphite powder, etc., as raw materials. Through processes such as hydrometallurgical leaching, extraction, stripping, evaporation, and electrolysis, it produces ternary cathode materials, electrolytic nickel, electrolytic cobalt, waste battery anode materials, electrolytic copper, copper foil, and precious metals.

[SMM Analysis] 2026 Raw Material Battle: MHP Payables Under Pressure, High-Grade Nickel Matte Window Hard to Find

Indonesian Nickel Ore Prices Stable

【SMM Stainless Steel Market】Jiangsu Yongjin Metal Technology Co., Ltd. filed a new patent (CN120818658A) on October 21 for a method to produce high-hardness, high-nickel stainless steel. The invention addresses insufficient hardness in high-nickel steel for high-wear and high-stress applications. The process reportedly uses 304 stainless steel and electrolytic nickel plates as raw materials, followed by hot rolling and solution treatment, then applies advanced surface treatments, including laser cladding a high-hardness alloy layer and laser shock strengthening, to create a material capable of withstanding severe wear.

【SMM Nickel Market Flash】Jiangsu Yongjin Metal Technology Co., Ltd. has filed a new patent (CN120818658A) for a method to produce high-hardness, high-nickel stainless steel. The invention addresses the problem of insufficient hardness in high-nickel steel, which limits its use in high-wear and high-mechanical-stress applications. The process reportedly uses 304 stainless steel and electrolytic nickel plates as raw materials, then applies advanced surface treatments, including laser cladding a high-hardness alloy layer and laser shock strengthening, to create a material capable of withstanding severe wear.