Operated by Tianjin Maolian Science and Technology Co., Ltd., the Maolian Tianjin cobalt refining plant is located in Tianjin city, China. The plant is partly owned by Beijing Hezong Science and Technology Co. and Ningbo Yuanzong Equity Investment. The plant has a capacity of 4.5 ktpa cobalt sulphate in contained cobalt as of 2021. Wood Mackenzie’s asset reports are built from the bottom up, incorporating several granular data metrics to ultimately produce our industry-standard cash operating costs. This report contains a detailed asset note giving you a holistic view of the asset, including an operational overview through to a timeline of events from inception to now. This qualitative analysis is supplemented by the associated Excel download which enables interrogation of a whole series of cost and production metrics over the life of the asset.