Xiamen Tungsten New Energy and GEM reached a strategic cooperation agreement

On October 24th, Xiamen Tungsten New Energy and GEM signed a strategic cooperation agreement in Xiamen, planning to deepen cooperation in key metal resource recycling, raw material supply, technology research and development, and market development. From 2026 to 2028, GEM expects to supply Xiamen Tungsten New Energy with 150,000 tons of battery raw materials and materials annually, totaling 450,000 tons, fully covering the core raw materials for new energy battery production.