Sun Pacific Holding Corp (SNPW)

[1jk1]

$SNPW> Fox-ess's Parent company Tsingshan Group

https://www.forbes.com/sites/timtreadgold/2023/12/18/chinas-nickel-king-powers-up-his-battery-business/?sh=7699892c7d1f

The first Tsingshan plant in Indonesia, built in less than 12-months at a cost of $700 million in 2018, shocked western rivals, which had invested up to $6 billion on similar plants and still struggled to profitably produce nickel.

Wood Mackenzie, a resources sector consultancy, estimates that Tsingshan’s average capital intensity at its Indonesian smelters is around $35,000 per ton of nickel, compared with an average closer to $100,000/t for western built plants.

The net effect is that Tsingshan is driving down the price of nickel and driving out high-cost rivals.

Great accommodations and hospitality from our partners FoxESS and Tsingshan Group and for hosting our visit as we focus on our future goals $snpw #battery #solar #relationship pic.twitter.com/kNHRqXBfY6

— Sun Pacific Holding Corp (@SunPacificPower) December 4, 2023

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