Chinese battery material manufacturer and recycler GEM (SHE:002340) started the operations of the second phase of its nickel resource hydrometallurgy in Indonesia, according to a Tuesday disclosure on the Shenzhen Stock Exchange.
Qingmeibang Nickel Resource plant, which is managed by subsidiary QMB New Energy Materials, was constructed for 16 months.
The plant has a production capacity of more than 25,000 tons of nickel every year for a single reactor, the disclosure added.
Price (RMB): ¥5.63, Change: ¥+0.030, Percent Change: +0.54%
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments