The 10,000-ton advanced nickel-based alloy materials production line project for high-end equipment, a collaboration between Jinchuan Group and LS Group, officially commenced at the LS Group High-end Equipment Industrial Park in Lanzhou New Area, Gansu province.
The commencement ceremony of the project
This project represents extensive industrial synergy and innovation between the two groups, aiming for a significant industrial upgrade through deep integration of industry chain resources and strengthened industry-academia-research collaboration. Targeting the high-end nickel alloy application field, both parties leverage their respective resources, technologies, equipment, as well as market advantages to extend the industrial chain. By adopting a "light asset, high quality and low cost" rapid construction and production model, they will establish the 10,000-ton advanced nickel-based alloy materials production line, setting a new benchmark for domestic high-end materials, rapidly enhancing the influence and market presence of Jinchuan's nickel-based alloy products both domestically and internationally.
The commencement ceremony of the project
With a total investment of 376 million yuan (about $51.45 million), the project is equipped with top-of-the-line nickel-based alloy smelting equipment such as vacuum induction furnaces, atmosphere-protected electric arc furnaces, and self-consuming vacuum furnaces. Once operational, it will annually produce around 10,000 tons of high-temperature corrosion-resistant alloys, pure nickel, Monel alloys, and other products primarily used in petrochemicals, electronics, energy, aerospace, and other high-end applications.
Jinchuan is accelerating the establishment of a nickel alloy industry model centered around Jinchuan and jointly developed in partnership with LS Group, which is crucial for scaling up and upgrading the nickel alloy industry, as well as fostering collaborative development among related enterprises in the nickel-cobalt new materials industry chain within the province. Jinchuan headquarters is focusing on optimizing and diversifying products, enhancing production line capacities, identifying key products, and improving product value and operational efficiency. Meanwhile, the Lanzhou region is concentrating on expanding and strengthening product scale, establishing effective production capacities, progressively increasing scale, and leveraging economies of scale to build synergies in the provincial industry chain and maximize locational advantages. Through continuous market expansion and rapid market penetration, they aim to elevate the market competitiveness of Jinchuan's nickel alloy products.
