Yantai Cash Industrial Co. Ltd. is located in the beautiful coastal city of Yantai, enjoying desirable location and convenient access to transport facilities. Incorporated in March, 2002, the company now occupies 7 hectares of land and has more than 400 employees including more than 80 professionals and technical personnel. The company has a registered capital of RMB 185 million, total assets of RMB 1,000 million and annual revenue of RMB 1,200 million. The company is the only one in Shandong province engaged in the production and comprehensive utilization of cobalt and nickel resources. Its main products includes cobalt cathode, nickel cathode as well as battery grade cobalt sulfate, nickel sulfate and cobalt chloride for which the scale and capacity rank top 3 in China.
The company's quality management system has certified to conform with ISO9001 and QC 80000 (applicable to European RoHS requirements). In 2010, the company's CASH brand cobalt metal was approved by the LME for good delivery against LME contracts and by China Stainless Steel Exchange (Wuxi) for good delivery against its cobalt futures contract. As a strategic material, the CASH brand cobalt was also stockpiled by China State Reserve Bureau. In March 2017, the CASH brand nickel was approved by the LME for good delivery against LME contract.
The company's independently developed "process for cobalt electro-winning from non-chloride electrolyte" and "the integral sealing apparatus for the surface of electrolytic tank used in electro-winning from sulfate system" have obtained national invention patent, and the company is certified as a "high and new tech enterprise of Shandong province" and a "Engineering Technology Center of Yantai City".
Now the company has independently developed the high performance precursor material used in lithium-ion battery and the extraction of high purity scandium oxide from nickel and cobalt smelter slag, both are key material for new energy vehicles encouraged by the government.