Cold Rui Cobalt Industry (300618.SZ) plans to invest 2.03 billion yuan to build a project with an annual production of 40,000 tons of electrolytic nickel and 40,000 tons of battery-grade nickel sulfate.

Wisdom Finance News APP News, Hanrui Cobalt (300618.SZ) announced that the company plans to invest in the construction of a "annual production of 40,000 tons of electrolytic nickel and 40,000 tons (metallic nickel content) battery-grade nickel sulphate project" in Ganzhou City, Jiangxi Province through its wholly-owned subsidiary Ganzhou Hanrui New Energy Technology Co., Ltd. The total investment of the project is 2.03 billion yuan, and the project funds will be self-owned funds or self-raised funds of the company.