GEM reports 330-ton daily nickel output from Indonesia project in Q3
2026-11-06 11:22:29 [Print]
In the first three quarters of 2026, GEM Co., Ltd. reported a cumulative operating revenue of RMB27.01 billion (USD4.05 billion), a year-on-year decrease of 1.77%.
During the same period, the company's shipments of recycled tungsten products reached 4,281 tonnes (calculated by WC), with sales revenue surging 122.96% year on year. Ternary precursor shipments exceeded 92,000 tonnes, while cathode material shipments reached 21,500 tonnes, up over 20% YoY. High-energy-density cathode materials also recorded significant volume growth, driven by rising demand from emerging markets.
In the third quarter alone, GEM's Indonesian nickel resource project (including capacity from associated companies) shipped 30,812 tonnes of nickel metal. This averaged about 10,270 tonnes per month, or over 330 tonnes per day, indicating steady shipment growth and a return to normal production levels. Meanwhile, for the first three quarters, the Indonesian project produced 5,466 tonnes of self-produced cobalt metal.
During the same period, the company's shipments of recycled tungsten products reached 4,281 tonnes (calculated by WC), with sales revenue surging 122.96% year on year. Ternary precursor shipments exceeded 92,000 tonnes, while cathode material shipments reached 21,500 tonnes, up over 20% YoY. High-energy-density cathode materials also recorded significant volume growth, driven by rising demand from emerging markets.
In the third quarter alone, GEM's Indonesian nickel resource project (including capacity from associated companies) shipped 30,812 tonnes of nickel metal. This averaged about 10,270 tonnes per month, or over 330 tonnes per day, indicating steady shipment growth and a return to normal production levels. Meanwhile, for the first three quarters, the Indonesian project produced 5,466 tonnes of self-produced cobalt metal.
LNCMO 8312 PC Delivered China
Unit:RMB/kg
China battery grade cobalt sulfate producers' output statistics by province by month
Unit: mt
