China's nickel and cobalt reserves account for 3.4% and 1.11% of the global reserves, respectively, while consumption exceeds 50% of the world, and its dependence on foreign sources exceeds 85% and 90% respectively. Raw materials are a bottleneck restricting the development of the new energy automobile industry. The company’s raw materials rely on the Ramu nickel and cobalt project invested by China Metallurgical Group in Papua New Guinea with an investment of 12.3 billion yuan. This project is a world-class mining project integrating mining, smelting, smelting, transportation and discharging. The scope of the exploration license is 249 square kilometers and the scope of the mining license is 60. Square kilometers, the proven nickel ore reserves within the scope of the mining license of 25 square kilometers are 136 million tons, and the production of nickel and cobalt ranks among the top ten in the world. The nickel-cobalt-manganese molar ratio of its product nickel-cobalt hydroxide is 10:1:1.8, which has the natural advantage of preparing high-nickel ternary materials. It has realized the industrial chain integration between MCC Group's overseas high-quality mineral resources and domestic high-end industries.