GEM and its partners jointly invest in the Indonesia Qingmeibang Nickel Resources Project

The first phase of the 30,000 tons of nickel metal/year project of the Indonesia Qingmeibang Nickel Resources Project, a joint venture between GEM, Tsingshan Holdings and CATL's holding company, has reached full production, and the second phase of the project has entered the construction stage and is expected to be put into production in 2024. By then, the company's nickel resource production capacity will be expanded by 93,000 tons of nickel metal, and the total capacity of the nickel resource project is planned to reach 123,000 tons.