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Individual Investors Account for 52% of Zhejiang Huayou Cobalt Co., Ltd's (SHSE:603799) Ownership, While Institutions Account for 21%
BOC International predicts that the retirement of power batteries is imminent and the market size of battery recycling industry is expected to grow rapidly.
As the retirement wave of power batteries approaches, the wind of battery recycling industry is coming.
Zhejiang Huayou Cobalt (603799.SH): With the decline and low-level volatility of nickel-cobalt-lithium prices, the competitive advantage of ternary cathode materials is further highlighted.
Zhejiang Huayou Cobalt (603799.SH) stated on its investor platform that the ternary lithium battery uses ternary materials as cathode materials, which can provide electric vehicles with higher range, faster charging speed, stronger power output, and better low-temperature performance. Moreover, nickel, cobalt, lithium and other high-value metal raw materials have a higher proportion in ternary cathode materials, and have higher resource recycling value. As the prices of nickel, cobalt, and lithium continue to fall and maintain low-level oscillation, the competitive advantages of ternary cathode materials are further highlighted.
Zhejiang Huayou Cobalt (603799.SH): Production has been reached for nickel-cobalt smelting projects such as Indonesia Huayue, Huafei and Huake.
Zhejiang Huayou Cobalt (603799.SH) stated on the investor interaction platform on July 12th that the company's nickel-cobalt smelting projects in Indonesia, such as Huayue, Huafei, and Huake, have all achieved production. The construction of the Huaxiang nickel sulfate project is progressing steadily. The preliminary work of the wet smelting projects such as Pomalaa is being carried out in an orderly manner. Upon completion, it will further enhance the company's upstream nickel-cobalt resource guarantee capabilities in the integrated industry chain. If there are significant matters in the project that meet the requirements for statutory disclosure of information, the company will strictly fulfill its obligations to disclose information in accordance with relevant laws and regulations.
Ping An Securities: Nickel prices may still have a downward trend in the medium-term, driven by both marginal return to mining and demand.
Currently, most links in the nickel industry chain have already compressed profits more fully. The cost of converting integrated MHP production to electroplated nickel will provide long-term cost support for pure nickel. It is expected that the pattern of nickel surplus will continue, and the nickel price may remain low in the mid-term.
Zhejiang Huayou Cobalt's 2024 interim performance forecast.
Zhejiang Huayou Cobalt (SHSE:603799) Stock Falls 8.8% in Past Week as One-year Earnings and Shareholder Returns Continue Downward TrendNo Data
