“Due to our trader origins, there were some obstacles when we initially transitioned to becoming a producer because downstream consumers inevitably doubted whether we had the technology and know-how to operate a smelter,” Cao told Fastmarkets last Friday August 7.
“But as time went by, these doubts disappeared,” he said.
“Instead, a few qualities of a trader, including being flexible in doing business and responding quickly to price trends, have contributed to our good operations as a producer.”
Greatpower was established in 2006 as a trading house, but it expanded into cobalt and nickel production in May 2018
after acquiring assets belonging to Zhejiang Galico Cobalt & Nickel Material, which used to produce cobalt and nickel salts, at a public auction in December 2016
Before the Chinese company got involved in refining metals, it survived the volatile market, as some other traders did, by “making wise bets” on the price...