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batteries more affordable. The project is expected to produce up to 120 kilotons per year of contained nickel in the form of mixed hydroxide precipitate (MHP), a lower-cost nickel product used in EV batteries with nickel-rich cathodes. The project will have an equity investment of an undisclosed amount from all three companies. The collaboration will help support Ford's plan to deliver a 2 million EV production run rate by the end of 2026 and further scale over time.
152:
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Resources
Development, New Materials Manufacturing, New Energy Manufacturing, and Recycling. These units collectively contribute to various aspects of the industrial ecosystem related to new energy lithium batteries, including cobalt and nickel mineral development, refining processes, Li-ion battery cathode material production, as well as reusing and recycling.
276:
On March 30, 2023, PT Vale
Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. announced a collaboration with global automaker Ford Motor Co. for a HPAL project, which aims to enhance sustainable nickel production in Indonesia, with the resulting nickel products being integrated into Ford's battery
194:
Throughout its history, Huayou Cobalt has focused on various aspects, including research, development, and manufacturing, with a particular emphasis on new energy Li-ion battery materials and advanced cobalt materials. The company has also organized its operations into four business units, which are
395:
In Jan 2019, Ford initiated the project with IBM, LG Chem and Huayou Cobalt to ensure the mineral used in lithium-ion batteries had not been mined by children or used to fuel conflict. The typical electric car battery requires up to 20 pounds of cobalt, and by 2026, demand for cobalt is expected to
370:
According to a joint
Amnesty International and African Resources Watch report, Congo DongFang International Mining, a subsidiary of Huayou Cobalt, sources cobalt from primitive "artisanal" mines in the Democratic Republic of the Congo, where there are few worker protections and child labor has been
399:
In March 2023, Ford Motor Co., PT Vale
Indonesia Tbk, and Zhejiang Huayou Cobalt Co. have agreed to invest in the Pomalaa Block High-Pressure Acid Leaching (HPAL) Project, creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle
324:
Huayou New Energy
Industrial Group is the core business unit of cathode materials. Huayou New Energy currently has four major bases in Chengdu, Tianjin, Quzhou, and Guangxi, two domestic joint ventures: Leyou New Energy Materials (Wuxi) Co., Ltd., Zhejiang POSCO-HUAYOU ESM Co., Ltd. and an oversea
298:
The company's resource operations primarily involve the extraction, refining, and initial processing of various non-ferrous metals, including cobalt, nickel, lithium, and copper. In the cobalt and copper sectors, the main products are crude cobalt hydroxide and electrolytic copper. The company has
289:
After decades of development, Huayou Cobalt has established an integrated industrial chain around Li-ion battery material. The
African resource industry group, Indonesian nickel industry group, new material industry group, new energy industry group and recycling industry group constitutes the five
302:
Regarding the nickel business, the primary offerings consist of crude nickel hydroxide and high-grade nickel intermediates. The company ensures its supply of nickel ore mainly through holding shares of mine and long-term cooperative agreements for supply, with additional sourcing based on market
333:
The recycling industry sector established a business model of Closed loop “swap waste to materials”, and providing customers with safe and sustainable waste battery solutions. The
Modular pre-processing capability allows the company to processing 65,000 tons of waste power batteries annually.
315:
The New
Material Industry sector plays a connecting role in Huayou's business industrial chain. Its main products include ternary precursor, cobalt tetroxide, nickel sulphate and cobalt hydroxide which are mainly used in aerospace superalloy, battery cathode materials for 3C products and power
190:
primarily operates as a supplier of cobalt and its associated products, such as cobalt tetroxide, cobalt oxide, cobalt carbonate, cobalt hydroxide, cobalt oxalate, cobalt sulfate, and cobalt monoxide. The company is headquartered in the
Tongxiang Economic Development Zone of Zhejiang, China.
325:
joint venture LG BCM.Ltd.(Korea), furthermore, the plans to invest in the construction of a cathode material project for high-nickel power batteries in
Hungary through its holding subsidiary Bamo Technology Hungary Kft Co., Ltd was officially announced on June 21,2023.
256:
In the same year, a joint venture project with South Korea's POSCO for a recycling company commenced construction, and the company signed an MOU with Volkswagen (China) to collaborate on the Indonesia-China lithium battery material integration project.
267:
Volkswagen Group China signed two Memorandums of Understanding (MOUs) with Huayou Cobalt and Tsingshan Group to set up two Joint Ventures (JV) to cover the upstream and downstream of the cathode supply chain in March 21st, 2022.
306:
In the lithium sector, the company engages in mining and ore selection from its proprietary mines in Zimbabwe, which contribute to the production of main products – lithium spodumene concentrate and lithian mica concentrate.
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established a business model for its African resource activities, centered around a combination of self-owned mines and supplementary sourcing from local mines and mining companies in the Democratic Republic of Congo.
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Quzhou Huayou Cobalt New Material Co Ltd founded on May 30, 2011, with a registered capital of 700 million yuan($ 101 million) (the registered capital was increased to 1.2 billion yuan in January 2016).
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On January 10, 2018, Huayou entered into a contract with POSCO for the Li-ion battery new energy material project, focusing on precursor and cathode material production in Tongxiang.
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In response, Huayou Cobalt admits to having "insufficient awareness of supply chain management", and did not know that buying artisanal cobalt would increase child labor.
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Traders then sell it mostly to exporter Congo Dongfang International, a subsidiary of Zhejiang Huayou Cobalt, which supplies most of the world's largest battery makers.
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The joint venture between LG and Tianjin B&M Science and Technology (B&M) was announced on May 31, 2022, focusing on the manufacturing of NCM cathode material.
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Continued expansion efforts in 2023 include the construction of the Guangxi Plant, extension of the Quzhou Plant, and the establishment of a European Plant.
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On May 7, 2018, Huayou Cobalt signed a joint-venture agreement with LG Chem, resulting in the establishment of Huajin New Energy Material (Quzhou) Co. Ltd.
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80% Less Carbon Emissions in the Hydrometallurgy Porjects in Indonesia comparing to the Nickel pyrometallurgy method due to less electricity consumption.
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In 2022, Chengdu B＆M passed the PAS2060 system certification and became the world's first cathode material factory with zero carbon emission.
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On June 27, 2012, the construction of Huayou's cobalt new material project with an annual capacity of 10,000 tons in Huayou Quzhou commenced.
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During 2021, Guangxi B&M and Zhejiang B&M were established, with B&M later integrated into Huayou Cobalt's system in August.
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follow-up that showed that child labor continued to be utilized, Apple said it stopped buying cobalt mined by hand in DRC entirely.
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584:"PT VALE INDONESIA AND HUAYOU SIGN NICKEL AGREEMENT WITH FORD MOTOR CO. SUPPORTING GROWTH OF THE GLOBAL SUSTAINABLE EV INDUSTRY"
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PT VALE INDONESIA AND HUAYOU SIGN NICKEL AGREEMENT WITH FORD MOTOR CO. SUPPORTING GROWTH OF THE GLOBAL SUSTAINABLE EV INDUSTRY
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632:"The cobalt pipeline: Tracing the path from deadly hand-dug mines in Congo to consumers' phones and laptops"
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In June 2018, Signify, together with Fairphone and Huayou Cobalt, co-founded the Fair Cobalt Alliance.
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GBA-CAP (Global Battery Alliance-Cobalt Action Partnership Program): Member of the Strategy Committee.
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In 2021, the company commenced construction on its Indonesian Huake high-grade nickel matte project.
570:"LG Chem LG Chem to Establish JV to Produce Cathode Material with Huayou Cobalt Subsidiary, B&M"
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said that approximately 20% of the cobalt in Apple's batteries were sourced from Huayou Cobalt.
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556:"Volkswagen Group China intends strategic partnerships for battery raw material supply chain"
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In 2018, Huayou Holdings became a shareholder of B&M Science and Technology Co., Ltd.
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765:"Ford,Huayou Cobalt,IBM, RCS are using blockchain tech for transparency of the metal"
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598:"Huayou Chengdu Bamo became the world's first "zero carbon" cathode material plant"
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RCI (Responsible Cobalt Industry Initiative): Founding Member, Vice Chairman unit.
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Huayou New Energy Technology (Quzhou) Co. Ltd. was established on May 16, 2016.
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706:"Apple cracks down further on cobalt supplier in Congo as child labor persists"
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In 2019, Huayou initiated nickel mining and smelting operations in Indonesia.
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443:"603799.CN | Zhejiang Huayou Cobalt Co. LTD. Financial Statements - WSJ"
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The company was listed on the Shanghai Stock Exchange on January 29, 2015.
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In 2006, Huayou established its first cobalt mine and smelter in Congo.
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In 2016, Apple said that starting in 2017, they will treat cobalt as a
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In 2020, the construction of Huayou's HPAL project began in Indonesia.
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Child labor allegations and Huayou's actions to take responsibilities
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RSBN (the Responsible Sourcing Blockchain Network): Founding Member.
652:"Apple and Microsoft Linked To Child Labor in Cobalt Supply Chains"
386:
91:
669:"Companies respond to questions about their cobalt supply chains"
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689:"Meet Dorsen, 8, who mines cobalt to make your smartphone work"
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Semiconductor Manufacturing International Corporation
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Huayou Cobalt Co., Ltd was founded in the year 2002.
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356:FCA (the Fair Cobalt Alliance): Founding Member.
1128:China–Democratic Republic of the Congo relations
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542:"POSCO Enters Chinese Cathode Materials Market"
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349:Engagement in Establishing Industry Standards
877:China United Network Communications Limited
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852:China Petroleum & Chemical Corporation
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490:"Quzhou Huayou Cobalt New Material Co Ltd"
1037:China Tourism Group Duty Free Corporation
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1057:Foshan Haitian Flavouring & Food Co
1022:Power Construction Corporation of China
997:Industrial and Commercial Bank of China
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604:
1105:
726:"The Dark Side of Congo's Cobalt Rush"
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917:Zhangzhou Pientzehuang Pharmaceutical
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316:batteries and industrial catalysts.
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88:Tongxiang Economic Development Zone
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937:Shanxi Xinghuacun Fen Wine Factory
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1077:Beijing Kingsoft Office Software
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429:"Zhejiang Huayou Cobalt Co. Ltd"
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1002:China Pacific Insurance Company
902:Jiangsu Hengrui Pharmaceuticals
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476:"Zhejiang Huayou Cobalt Co Ltd"
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1123:Companies established in 2002
1113:Companies in the SSE 50 Index
962:LONGi Green Energy Technology
957:China Three Gorges Renewables
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319:
1118:2002 establishments in China
1087:Hygon Information Technology
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293:
290:major industries of Huayou.
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992:China Railway Group Limited
897:China CSSC Holdings Limited
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277:raw material supply chain.
70:; 22 years ago
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982:Agricultural Bank of China
410:List of companies of China
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892:China Northern Rare Earth
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612:"This is what we die for"
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1012:Great Wall Motor Company
842:(as of 23 February 2024)
494:quzhou.chinadaily.com.cn
50:603799 (China: Shanghai)
30:603799 (China: Shanghai)
155:CNY 3.74 million (2023)
122:Li-ion battery material
17:Zhejiang Huayou Cobalt
1067:Zhejiang Huayou Cobalt
751:"Fair Cobalt Alliance"
188:Huayou Cobalt Co., Ltd
977:Shaanxi Coal Industry
907:Wanhua Chemical Group
862:Sany Heavy Industries
528:"ABOUT HUAYOU COBALT"
113:(President & CEO)
1007:China Life Insurance
967:China Shenhua Energy
867:China Merchants Bank
838:Constituents of the
396:multiply eightfold.
952:China Yangtze Power
947:AECC Aviation Power
711:The Washington Post
674:The Washington Post
637:The Washington Post
161:Number of employees
138:8.9 billion) (2023)
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1062:Will Semiconductor
1042:Zijin Mining Group
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987:Ping An Insurance
285:Business segments
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932:Haier Smart Home
872:Poly Real Estate
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1082:Trina Solar
1052:WuXi AppTec
111:Chen Xuehua
1107:Categories
1072:GigaDevice
1032:PetroChina
942:Yili Group
887:SAIC Motor
736:2022-08-25
499:16 October
416:References
373:Apple Inc.
371:employed.
320:New Energy
303:dynamics.
145:Net income
106:Key people
25:Trade name
329:Recycling
294:Resources
45:Traded as
404:See also
387:Sky News
118:Products
92:Zhejiang
55:Industry
199:History
177:.huayou
170:Website
128:Revenue
73: (
65:Founded
59:Mining
38:Lt PTD
615:(PDF)
98:China
501:2023
179:.com
75:2002
68:2002
175:www
136:USD
132:CNY
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