Building world-class enterprises is a crucial component of achieving China's modernization and a necessary requirement for high-quality development. As a Fortune Global 500 company, a pioneer in China's nickel-cobalt industry, and a leading industrial player in Gansu province, Jinchuan Group has been putting efforts into serving national strategies, actively integrating into regional development, as well as improving economic and technological indicators, brand influence, and scientific and technological innovation capabilities.
Jinchuan Group [Photo by Zhang Juncheng]
Cultivate a fertile ground for the conversion of scientific and technological achievements
In 2019, the Ministry of Science and Technology initiated the Belt and Road Science and Technology Innovation Action Plan. Against this backdrop, Jinchuan Group started its research project titled "Fault Diagnosis of Key Equipment in the Ore Beneficiation Process and Online Quality Control Technology for Product," addressing common challenges in the development of mineral resources, such as low ore grade and processing difficulties.
Since the implementation of the project, the labor productivity in the beneficiation plant has increased by 3.2 times, the equipment failure rate reduced by 13 percent, and the operating costs reduced by 2.2 percent.
In addition to focusing on improving key indicators and enhancing working conditions in traditional industries, Jinchuan Group has also actively engaged in research and innovation in emerging industries.
To achieve the bottlenecked production technology of high-purity metals, which was previously dominated by Japan and the United States, Jinchuan Group started to carry out scientific research, working hard to achieve the goals of "import substitution" and "technological leadership".
According to the latest data, the purity of Jinchuan's high-purity copper has increased to 99.99999 percent, while the purity of high-purity nickel and high-purity cobalt has reached 99.99995 percent and 99.9999 percent, respectively. The output has also increased by 10 to 15 times compared to that of ten years ago.
Currently, Jinchuan Group's high-purity nickel and high-purity cobalt have a market share of up to 40 percent in the overseas market, and the market share of high-purity copper in the domestic market is 15 percent.
In 2023, Jinchuan Group organized a total of 136 major scientific research projects and invested 4.9 billion yuan (about $684.63 million) in technology throughout the year, representing a year-on-year growth of 10.91percent. The conversion rate of scientific research achievements for 2023 also exceeded 76 percent.
