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研報掘金丨方正證券:首予華友鈷業“推薦”評級,印尼鎳鈷產能還將再上臺階
格隆匯 03-10 15:36

方正證券研報指出,印尼政府持續對鎳產業施策,有望推動鎳價走出底部。華友鈷業(603799.SH)深耕印尼,公司盈利能力受益於鎳鈷價格上行。公司在印尼擁有華越公司、華科公司、華飛公司三座在產鎳冶煉項目,公司已有22.5萬噸鎳金屬鋰生產能力。其中華越、華飛爲溼法冶煉產能,分別伴生有7800噸和1.5萬噸鈷。目前公司在印尼的權益產能約1.2萬噸鈷金屬量,將充分受益於鎳鈷價上行。此外,公司還有Pomalaa 溼法冶煉項目在建,與大衆、福特、淡水河谷印尼、青山等合作夥伴關於印尼鎳鈷資源開發的合作在持續推進,公司印尼鎳鈷產能還將再上臺階。華友鈷業已形成了資源、新材料、新能源三大業務一體化協同發展的產業格局。公司以鎳、鈷、鋰、銅等金屬產品支撐起資源業務,將受益於金屬價格的觸底回升。首次覆蓋給予“推薦”評級。

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