Early Life
Cai Jianyong was born in 1971. After nearly a decade in the commodities trading business, Cai founded Lygend Resources & Technology Co., Ltd. in January 2009, which is headquartered on the coast of the East China Sea.
Rise to Success
Cai Jianyong's career took a significant turn with the founding of Lygend Resources & Technology Co., Ltd.. The company quickly rose to prominence as a world-leading nickel product trader and nickel ore trader. Lygend became the world's largest nickel product trader and the largest nickel ore trader in China in 2021, with a market share of 26.8%. Lygend's initial public offering (IPO) on the Hong Kong Stock Exchange in November 2022, which raised approximately $470 million, further solidified his success. The IPO allowed the company to expand its operations in Indonesia, which is home to a large portion of the world's nickel resources.
Key Business Strategies
Cai Jianyong's key business strategies have centered on the nickel industry value chain. Lygend's operations include trading and production of nickel products, and equipment manufacturing. The company has continuously expanded upstream and downstream within the nickel industry, achieving a leading position in both trading and production. This approach has enabled Lygend to serve diverse downstream sectors, including the NEV (New Energy Vehicle) and stainless steel industries.
Philanthropy
While specific philanthropy amounts are not readily available, Cai Jianyong's leadership of Lygend Resources & Technology Co., Ltd. demonstrates a commitment to contributing to the industry's growth and sustainability. This includes investments in expanding operations, which contribute to local economies and job creation.
