On November 17, GEM responded to investor inquiries on an interactive platform, stating that in the field of critical metal resource recycling, the company has established the world's largest industrial base for recycling and utilizing key metals such as nickel, cobalt, and tungsten. The annual recycling volume of cobalt exceeds 350% of China's primary cobalt mining output, while the recycled nickel resources account for 20% of the country's primary nickel mining, and recycled tungsten resources make up 10% of China's primary tungsten mining. This strategically addresses global competition for critical metal resources.
In 2024, the company recycled 20,000 tonnes of nickel. In the first three quarters of 2025, cobalt recycling exceeded 6,000 tonnes, significantly supplementing cobalt supply during the cobalt embargo from the Democratic Republic of the Congo.
Edited by Cassie Li, lixiangying@mysteel.com
