Huayou Cobalt stated on the investor interaction platform that the planned construction of the 120,000-ton (nickel metal content) nickel-cobalt hydroxide wet process project has now fully started construction, and it is expected to be ready for the first half of 2023.

Huafei Nickel-Cobalt Project is located in Weidabe Industrial Park, North Maluku Province, Indonesia. It is the second hydrometallurgical smelting project undertaken by China 20th Metallurgical Company in Indonesia after the Huayue Project. It is a perfect integration of Indonesian resources and Chinese technology. . The project adopts the most advanced high-pressure acid leaching process in the world today, that is, the nickel-cobalt hydroxide is extracted from laterite ore, which has multiple advantages such as low cost and green environmental protection. It will have an epoch-making impact on the global nickel production industry pattern and nickel consumption field.