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Jinchuan’s nickel contributes to coin making

Updated : May 19, 2023


Jinchuan's products showcased at the Exposition on China Brand 2023 [Photo provided to en.jnmc.com]

On May 10, at the Exposition on China Brand 2023 in Shanghai, Jinchuan Group Co., Ltd. represented the well-known brands of Gansu province in the special exhibition section, telling the story of Jinchuan's nickel contributions to domestic coin making.

Nickel is a silver white metal element with good ductility, corrosion resistance, high temperature resistance and high strength, and it is used for making nickel steel and various non-ferrous alloys, as well as in electroplating and coin making.

Established in 1959, Jinchuan Group is the largest and world leading nickel cobalt production base and platinum group metal refining center in China.

However, in the 1980s, due to the relatively small production of Jinchuan’s nickel, the nation had to import electrolytic nickel to produce coins. Moreover, entering the 21st century, with internationalization, higher requirements were put forward for the visual quality of coins.

In 2019, the nickel smelting plant of Jinchuan Group organized a research team to carefully analyze and control the parameters. After thousands of repeated attempts and innovations, the team finally produced small pieces of nickel that met shear indicators.

Jinchuan Group has completed the process transformation and production task of small nickel coins as scheduled, and has received high recognition from the mint. The unique and bright metallic luster of China's coins is accredited to Jinchuan’s nickel.

In 2020, Jinchuan Group won the first prize of the 2020 Gansu Provincial Employee Technical Innovation Achievement Awards for its "Research and Application of Nickel Used in the Mint Process".

In August of the same year, the China Banknote Printing and Minting Corporation and Jinchuan Group signed a strategic cooperation agreement, marking Jinchuan’s precision electroplating special nickel having reached the top international standard.

Today, Jinchuan Group has the ability to meet the customized needs of customers for small nickel blocks. Jinchuan's electroplated nickel has entered the mid to high-end electroplating specialized nickel market, and various new products such as electrodeposited cobalt, high-purity cathode copper, nickel buckle, and carbonyl nickel powder have strong competitiveness in the international market.

Jinchuan Group has been promoting the transformation from manufacturing to creation, high speed to high quality, and products to brands over the years, witnessing the high-quality development of Gansu province.

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