Gem Co., Ltd. States Policy Changes Have Minimal Impact on Hydrometallurgical Process Costs

Deep News05-13

On May 13, Gem Co., Ltd. (002340) responded to investor inquiries on an interactive platform, stating that policy adjustments have a minor impact on the overall cost of its hydrometallurgical process. This is because the company's hydrometallurgical process (HPAL) utilizes low-grade laterite nickel ore, which has a wide range of sources and lower costs. Through technological innovation and accumulated experience, the company has maintained its per-ton nickel cost at an industry-leading level. Furthermore, the recent increase in LME nickel prices is conducive to passing costs downstream. The company has established stable strategic partnerships by introducing several high-quality mine owners as strategic shareholders and signing long-term supply guarantee agreements, which can fully ensure the production needs and cost advantages of its nickel resource projects in Indonesia. Moving forward, the company will continue to strengthen the new energy full industry chain for nickel resources based on industrial development demands, further consolidating its leading position in the green development of laterite nickel ore.

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