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3cardpoker| Green America Nickel Resource Layout: Global Demand Grows Indonesian project put into operation in June with an annual production capacity of 123,000 tons

27 05
Author:editor|Category:Decor

News summary

Gemma predicts that global demand for wet-process nickel resources will reach 1 million tons by 20263cardpoker, the current production capacity can only meet 30% of demand. The company has deployed nickel resource projects in Indonesia, South Korea and other regions in an effort to meet the demand for ternary battery materials in the European and American markets. In 2023, Gemma's revenue will hit a record high, nickel resource recovery will increase by more than 30%, and its market share and competitiveness will be significant.

3cardpoker| Green America Nickel Resource Layout: Global Demand Grows Indonesian project put into operation in June with an annual production capacity of 123,000 tons

Newsletter text

[Gemma (002340) actively deploys the global nickel resource market] Gemma, a company focusing on the research and development and manufacturing of new energy materials, recently shared its insights into the nickel resource market and the layout plan of the company's global nickel business on an interactive platform. According to the company's analysis, global demand for wet-process nickel resources will reach 1 million tons by 2026, but currently completed projects can only meet the demand of 300,000 tons. In this context, Gemma is actively expanding the global market, especially in the European and American markets, by leveraging its advantages in hydrometallurgical technology. Gemma believes that in the global pursuit of clean energy and sustainable development, the demand for nickel resources will continue to rise. In the European and American markets, there will be no excess of high-nickel and ultra-high nickel high-quality production capacity. Therefore, the company will continue to increase investment in nickel resources to meet global market demand. The company's nickel resource projects have expanded to multiple regions. The planned production capacity of the construction project in IMIP Park in Indonesia is 123cardpoker.30,000 tons of metallic nickel per year, and is expected to be gradually put into production in June 2024. At the same time, Gemma has also established precursor factories in South Korea and other places to meet the demand for ternary battery materials in the European and American markets. Gemma has also achieved remarkable results in its nickel business in the domestic market. In 2023, the company's operating income will be 30.529 billion yuan, a year-on-year increase of 3.87%. The recycled nickel resources will exceed 20,000 tons, a year-on-year increase of more than 30%, accounting for more than 20% of China's primary nickel mining volume. Despite the slowdown in the growth rate of the new energy industry, Gemma has maintained stable profitability relying on its global presence and leading technologies.

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