On May 13, GEM stated on an interactive platform in response to investor inquiries that its nickel resource production capacity has been fully restored, laying a solid foundation for achieving its full-year shipment targets. Policy adjustments have had a limited impact on the overall cost of its hydrometallurgical process, as the company's HPAL route uses low-grade laterite nickel ore, which is widely available and low-cost. Through technological innovation and accumulated expertise, GEM has maintained its nickel production cost per metric ton at a leading level within the industry.
Additionally, the recent rise in LME nickel prices helps facilitate downstream cost pass-through. The company has secured stable strategic partnerships by bringing in multiple high-quality mine owners as strategic investors and signing long-term supply agreements, ensuring full coverage of production needs and cost advantages for its Indonesian nickel resource project. Looking ahead, GEM will continue to strengthen its entire new energy industry chain for nickel resources in line with industrial development demands, further consolidating its leading position in the green development of laterite nickel ore.
Written by Cora Ji, jiruyan@mysteel.com
