The relevant person in charge of Huayou Cobalt said that the Congo's export quota management system for cobalt has limited impact on the stability of its raw materials and product supply, and the Changxie Order completed shipments at a normal pace this year. In addition to the Congo, Huayou Cobalt's cobalt supply sources include cobalt by-products in its nickel hydrometallurgy project in Indonesia. When treating laterite nickel ore with the high-pressure acid leaching process in Indonesia, the recovery ratio of nickel to cobalt is usually around 10:1. At present, Huayou Cobalt's two nickel-cobalt hydrometallurgy projects in Indonesia, Huayue and Huafei, have a total annual production capacity of 180,000 tons, all of which have achieved steady production and overproduction. The person in charge further stated that Huayou Cobalt's current cobalt smelting production capacity is about 40,000 tons/year, and the KNI wet process project with an annual output of 120,000 tons of nickel metal, which is expected to be put into operation within 2026, will bring it additional cobalt production capacity. At that time, the annual production capacity of its own cobalt may exceed 30,000 tons.

The relevant person in charge of Huayou Cobalt said that the Congo's export quota management system for cobalt has limited impact on the stability of its raw materials and product supply, and the Changxie Order completed shipments at a normal pace this year. In addition to the Congo, Huayou Cobalt's cobalt supply sources include cobalt by-products in its nickel hydrometallurgy project in Indonesia. When treating laterite nickel ore with the high-pressure acid leaching process in Indonesia, the recovery ratio of nickel to cobalt is usually around 10:1. At present, Huayou Cobalt's two nickel-cobalt hydrometallurgy projects in Indonesia, Huayue and Huafei, have a total annual production capacity of 180,000 tons, all of which have achieved steady production and overproduction. The person in charge further stated that Huayou Cobalt's current cobalt smelting production capacity is about 40,000 tons/year, and the KNI wet process project with an annual output of 120,000 tons of nickel metal, which is expected to be put into operation within 2026, will bring it additional cobalt production capacity. At that time, the annual production capacity of its own cobalt may exceed 30,000 tons.