Huayou Cobalt: It is planned to introduce Ford Motor Co -planning to build a high -pressure acid soaking method project

On the evening of July 21, 2022, A -share company Huayou Cobalt (603799.SH) announced that the company signed a memorandum of cooperation with the Ford Motor and Tamsui River Valley Indonesia. It is intended to introduce Ford Motors to build a high -pressure acid soaking method project.

At the same time, after the project is completed, the company will transform nickel products into battery materials and supply to Ford. This cooperation is only a strategic cooperation intention to be reached by all parties, and it is not necessary to submit it to the company's board of directors and shareholders' meetings for consideration.

It is estimated that the nickel hydroxide cobalt product (MHP) produced by this high -pressure acid soaking method is about 120,000 tons of nickel -containing metals and about 15,000 tons of cobalt -containing metals. The research report prevails. After the project is completed, Huayou Cobalt will provide about 84,000 tons of nickel -volume material products to Ford.

The company signed a memorandum of cooperation with Ford Motors and Tamsui River Valley Indonesia in Indonesia to develop nickel resources in Indonesia, which is in line with the company's development strategy. The leading new energy power battery nickel raw material supply platform is conducive to the company's further strengthening industrial chain cooperation and broadening the product market.

- END -