节点:中游(冶炼、中间品)位置:中游情绪:利好参考度:5/10
中国华友2025年钴、镍、碳酸锂、正极活性材料(CAM)及前驱体产品产量均实现增长,凸显其在全球电池材料供应链中的地位提升。产量增长印证了华友的战略——整合非洲、印尼上游原材料控制权,同时扩大中国及欧洲下游正极材料产能。
华友2025年镍产品增长最为显著,生产镍金属当量29.25万吨,同比增长59%,得益于印尼华越、华飞高压酸浸项目稳定高产。混合氢氧化物沉淀(MHP)出货量达23.65万吨,同比增长30%。华友正扩大印尼项目布局:2025年上半年开工波马拉MHP项目(规划12万吨/年镍金属当量,2026年底建成),索罗瓦科6万吨/年MHP项目进展顺利,4万吨/年华兴火法冶金项目已开工。
印尼是电池级镍原料核心增长中心,华友深化当地布局,既强化电池材料业务长期供应安全,也提升镍价值链影响力。2025..25%),津巴布韦Arcadia锂矿效率提升,探明资源量增至245万吨碳酸锂当量,品位1.34%。
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