GEM: In the first half of the year, the company's nickel smelting project in Indonesia produced 3,667 tons of cobalt metal, a year-on-year increase of 125%

On October 18th, GEM stated on the interactive platform that at the cobalt resource end, the company has strengthened the autonomy and controllability of cobalt resources through the "urban mining + Indonesian mineral resources" strategy. The cobalt recovery volume in 2024 is expected to reach 10,128 tons, exceeding 350% of China's raw cobalt mining volume; at the same time, the company's Indonesian nickel smelting project has a by-product cobalt resource annual production capacity of approximately 12,000 metal tons. In the first half of 2025, the company's Indonesian nickel smelting project is expected to produce 3,667 tons of cobalt metal, a year-on-year increase of 125%