GEM mass produces next-gen high-nickel precursor

GEM Co., Ltd. (SZSE:002340) announced the mass production and first shipment of its new generation ultra-high nickel 9 series core-shell ternary precursors on April 7, 2025. The event took place at its wholly-owned subsidiary, Jingmen GEM New Materials Co., Ltd. According to the announcement, this milestone positions GEM as the only company globally capable of large-scale production of these advanced precursors. The product has a planned shipment volume of 3,000 tonnes per month and is 100% committed to international top-tier supply chains, and the company's high-quality core-shell precursor orders are secured from Japanese, Korean, and European markets, with exports unaffected by US tariff policy. The company also reported that its Indonesian high-tech nickel smelting capacity of 110,000 tonnes of nickel/year operated as expected. GEM also reported robust Q1 2025 production and sales with capacity utilization exceeding 95%, while Q1 nickel output exceeded 25,000 tonnes. The company believes that the mass production and commercialization of these new precursors will positively impact the company's 2025 financial performance.