20
Jun
07:14
China's Huayou Cobalt to raise funds for battery projects
China’s Huayou Cobalt says it plans to raise no more than CNY 17.7 billion ($2.65 billion) for an Indonesia-based nickel cobalt hydroxide project and a Guangxi-based battery-grade lithium salt project, as well as a CNY 4 billion supplementary working capital item.
Huayou Cobalt’s holding subsidiary Huashan Nickel Cobalt (Indonesia), a joint venture between Huatuo International Development and Glaucous International, will be responsible for the nic…
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