Ningbo Business Reaps Fruits from Belt and Road CEO Conference
Cai Jianyong (right) is at the signing ceremony.
On October 17, the Belt and Road CEO Conference took place in Beijing as the starter of the third Belt and Road Forum for International Cooperation (BRF). During this event, Ningbo-based Lygend Resources & Technology Co., Ltd. secured an agreement with Indonesia’s PT Trimegah Bangun Persada Tbk to channel a staggering 1.2 billion USD investment into its nickel cobalt project on Obi Island, Indonesia.
As the first and largest event on this year’s BRF agenda, the Conference convened more than 1,200 dignitaries and business leaders from over 80 countries and regions. A significant number of cooperation projects, engaging nearly 300 Chinese and international partners, were signed during the conference to encompass various industries, including infrastructure, clean energy, artificial intelligence, biomedicine, financial services, modern agriculture and rail transportation. From the number of projects, the countries involved, to the total value of deals, the conference has far outperformed its previous edition.
The nickel-cobalt project signed by Lygend is proposed to build three production lines on Obi Island, which uses high-pressure acid leaching technology to process low to medium-grade laterite nickel ores. Upon its establishment, the project will see an annual production capacity of approximately 65,000 tons of nickel metal.
“Amid a sluggish global economic rebound, further regional cooperations with our Belt and Road Initiative (BRI) partners will provide a critical impetus for worldwide economic growth.” Lygend’s chairman Cai Jianyong emphasized that Lygend, a multi-faceted player with a full industry chain in the nickel business, has been riding the waves of BRI, the Regional Comprehensive Economic Partnership (RCEP) and other favorable developments. It is through these efforts that the company has realized a seamless vertical integration of the nickel industry chains by strengthening international collaborations and expanding its reach upstream and downstream.
Currently, as Lygend leads the world in traditional nickel product trading, the company has also ventured into the production of nickel-cobalt materials. Its surge in the global market share has witnessed the extensive use of nickel-cobalt products in downstream industries such as new energy vehicles and stainless steel.
Cai also unveiled Lygend’s future plans stemming from this signing. The company will continue to forge partnerships for larger investments in BRI member countries and a higher industrial concentration, thus contributing more to further collaboration and higher-quality development.
Another invited Ningbo entrepreneur, Guo Xiao, was hyped with excitement. He captured photos and videos from time to time at the Conference, hoping to freeze the highlights of the marvelous “BRI moments”.
Guo bears a variety of titles in addition to the President of the Association of Chinese Businessmen in Serbia, founder of Home of Central and Eastern Europe, and head of the Tesla Serbia Pavilion in Ningbo. This Chinese businessman is among the pioneer overseas Chinese entrepreneurs to introduce Chinese consumer goods to Serbia and the first to open Chinese department stores, shopping malls, and hotels in this south-eastern European country.
Having shuttled between China and Serbia over the years, he has witnessed the blueprints of diverse global projects turning into tangible manifestations under the framework of BRI.
多年来,他往返于中塞两国,见证着在“一带一路”倡议下,一个个国际项目从蓝图变成实景。
“Chinese expat-preneurs extend exchanges beyond business. In terms of cultural exchange, I have always believed that only by boosting outbound investment can we effectively attract overseas technology and talent. And it’s only through direct contact that our people can feel the cultural charm of countries participating in the BRI, especially those in Central and Eastern Europe.” Guo said. Bearing this awareness, he tends to facilitate its twinning with a counterpart city in Central and Eastern Europe every time the Home of Central and Eastern Europe expands to a new Chinese city.
Currently, Guo has established 28 Central and Eastern European Houses in 20 Chinese cities including Hangzhou, Wuhan, Fuzhou, Xishuangbanna, Sanya, Shenzhen, and more based on the mature model of the Ningbo-headquartered Central and Eastern European Home. “Going forward, we will continue at a pace of establishing three new houses on a monthly basis!”