China Greatpower Jinchuan purchases assets of former cobalt salt producer Galico

China Greatpower Jinchuan successfully purchased assets belonging to former Chinese cobalt salt producer Zhejiang Galico Cobalt & Nickel Material at a public auction held on Monday December 19, a spokesman for the company told Metal Bulletin.

Founded in December 2016, China Greatpower Jinchuan is a joint venture between Shanghai Greatpower, Jinchuan Group and an undisclosed new energy industry fund, with Shanghai Greatpower holding the majority stake, according to the spokesman.



Susan Zou

December 20, 2016

10:20 GMT