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Jinchuan Group achieves the goal of stable growth

Updated : October 31, 2022

Since this year, Jinchuan Group has constantly improved the optimization of its industrial layout and structural adjustment, and has achieved stable overall production operations. The output of major products has reached the schedule target, and the production and operation benefits have continued to be improved. From January to October this year, Jinchuan Group has accumulated 276.6 billion yuan (about $38 billion) in operating revenue, an increase of 37 billion yuan year-on-year; its total profits and taxes reached 16.16 billion yuan, with a year-on-year increase of 5.83 billion yuan.


The construction site [Photo provided to en.jnmc.com]

Relying on the coordination of its production scheduling system, Jinchuan Group has been insisting on the idea of “preventing the pandemic, stabilizing production and maintaining security”. In the first three quarters of this year, 1.72 million tons of nonferrous metals and deep-processed products were produced, with a year-on-year growth of 10.63%; the production of nickel products was 158,100 tons, achieving a 7.48% year-on-year increase; the production of cathode copper was 820,500 tons, seeing a year-on-year growth of 6.86%. The output of new energy battery related products has also maintained a steady growth, with nickel sulfate, ternary precursor and ternary cathode materials increasing by 24.01%, 9.92% and 102.49% respectively year-on-year.

On September 13, the flash furnace system of the nickel smelter of Jinchuan Group was ignited successfully following its maintenance. This was another comprehensive upgrade and maintenance of the flash furnace system, following the cold repair in 2010. The process was completed 3 days ahead of schedule, creating a new record in the cold repair of a nickel flash furnace in the past 30 years. Following the overhaul, the annual handling capacity of nickel concentrate in the flash furnace system has increased to 850,000 tons, and the handling capacity of dry concentrate in the reaction tower increased to 100 tons per hour, laying a solid foundation for the high-quality completion of Jinchuan Group's scale-multiplication plan during the 14th Five-Year Plan (2021-25) period.


The electric furnace operation area [Photo provided to en.jnmc.com]

Jinchuan Group has focused on its main responsibilities and businesses and has comprehensively accelerated the construction of major projects. A number of key projects have been completed and put into operation. The investment completed in the first nine months of the year totaled 4.82 billion yuan, with a year-on-year increase of 41.3%; investment in strategic emerging industries hit 1.83 billion yuan, up 40.2% year-on-year. The total investment of 21 major projects that started this year has reached 3.16 billion yuan.

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