Lygend Resources & Technology Co., Ltd. is a nickel industry chain services provider in the world, achieving a leading position in both the trading and the production of nickel products. It was established in January 2009. Its headquarter is located in the beautiful coast of the East China Sea - Ningbo National Hi-Tech Industrial Development Zone, Zhejiang Province. Starting from nickel ore and ferronickel trade services, Lygend Resources has continuously extended upstream and downstream for many years, covering multiple areas across the nickel industry chain. Its business covers trading and the production of nickel products, and equipment manufacturing and sale.
Lygend, from one belt, one road to the world, has been carrying out the "power and excellence" and "always without limits" concept, and has responded positively to the "Belt and Road" development strategy China, and has completed the international layout in certain Southeast Asian countries. Domestic business is distributed in Ningbo, Zhejiang Province, Suqian, Jiangsu Province, and Xi'an, Shaanxi Province; overseas business is distributed in Southeast Asian countries such as Indonesia and Philippines.
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Total revenue in 2023For nickel product trading, Lygend resources had the largest nickel ore trading volume in China in each of 2021. It accounted for 26.8% of market share in 2021 in China in terms of nickel ore trading volume. For nickel product trading, it ranked first globally and first in China in terms of nickel ore trading volume in 2021. The company's supply channels of nickel resources include the Philippines, Indonesia, New Caledonia, Turkey and other countries. It has established long-term and stable business relationship with many international well-known nickel ore suppliers, which can provide high-quality nickel resources and reliable logistics distribution. It has also established stable and win-win cooperative relations with many domestic and foreign steel enterprises (POSCO, Tsingshan, Eastern Special Steel, Baosteel, etc.).
Nickel production. Suqian plant in China has three RKEF (rotary kiln electric furnace) production lines, with an annual capacity of 18,000 metal tons of ferronickel; in 2018, Lygend Resources and its Indonesian partner jointly invested in nickel product production projects on the Obi Island, Indonesia. It also produces nickel-cobalt compounds for cathode of new energy vehicle batteries. It is the first project that has reached full production capacity among all nickel hydrometallurgy project utilizing the HPAL process that have commenced production or under construction in Indonesia, and has the largest annual designed production capacity (three phases combined), with a market share of 34.3% as of November 14, 2022. By August 2022, its HPAL project is the largest to date overseas nickel hydrometallurgy project utilizing the HPAL process constructed by Chinese companies that has been successfully put into operation.
In the future, Lygend will continue to cultivate in the upstream and downstream of the nickel industry chain, and plans to complete the construction, and achieve full production capacity, of the remaining production lines (phases II and III) of the HPAL project (including the corresponding nickel sulfate and cobalt sulfate production lines) and the productions for the RKEF projects in the next five years. Once all production lines are put into operation, the HPAL project is expected to have an aggregate designed production capacity of 120,000 metal tons of nickel-cobalt compounds (including 14,250 metal tons of cobalt) per annum, and the RKEF project is expected to have an aggregate designed production capacity of 280,000 metal tons of ferronickel per annum. We believe we will become an industry-leading nickel products producer when all the production lines are put into operation.
