GEM's cobalt-nickel business mainly extracts cobalt-nickel raw materials from waste cobalt-nickel resources to produce high-end powder materials such as cobalt carbonate, cobalt oxalate, nickel carbonate, nickel oxalate and cobalt powder etc. Since 2016, when GEM acquired Shu Metal, GEM's recycled cobalt resources finally entered the supply chain of international head alloy manufacturers such as Sandvik and Kennametal, marking that the cobalt materials re-constructed by GEM's recycled cobalt resources were recognized by international head enterprises. Shu Metal's cobalt powder business and GEM’s advantages in market and technology form a benign complementary relationship, bringing into playing synergistic effects thus enhancing GEM's competitive advantages, building GEM's world-renowned cobalt powder brand, consolidating its leading position and occupying more than 40% of the global market.

GEM continues to consolidate and expand its long-term strategic partnership with foreign mineral giants, and has signed long term orders with international mining giants such as Canco and Liqin to lock in strategic raw material supply, further enhancing GEM's ability to guarantee the supply of cobalt powder and its core competitiveness.

Second Prize of National Science and Technology Progress

GEM continues to consolidate and expand its long-term strategic partnership with foreign mineral giants, and has signed long term orders with international mining giants such as Canco and Liqin to lock in strategic raw material supply, further enhancing GEM's ability to guarantee the supply of cobalt powder and its core competitiveness.

In 2002, GEM started the experimental development of cobalt powder production in Taohuayuan, Baoan District, Shenzhen; in 2004, GEM built the production base of the first phase of ultra-fine cobalt and nickel powder and cobalt carbonate, cobalt oxalate, nickel carbonate and nickel oxalate in Jingmen Park; in 2006, GEM built the second phase of ultra-fine cobalt and nickel powder production line in Jingmen Park; in 2009, GEM completed nickel sulfate production line and started to produce nickel-iron alloy to supply Rio Tinto and other large international companies. In 2016, the company acquired Shu Metal and became the world's largest cobalt powder manufacturer; in 2017, the company stopped its nickel powder business. Between 2010 and 2021, the company's cobalt carbonate and cobalt powder production capacity continued to expand and became the head of the industry.

The cobalt-nickel business of GEM is based in Jingmen, Hubei Province, and laid out in South Africa, forming a benign complementary in market and technology and playing the synergy effect, so as to enhance GEM's competitive advantages and build GEM's world-renowned brand of cobalt powder. At present, in Jingmen, Hubei, GEM is building a cobalt powder production line with an annual capacity of 3,000t/n and a cobalt carbonate precursor production line with an annual capacity of 12,000t/n; South Africa Shu Metal Company is building a superfine cobalt powder production line with an annual capacity of 1,500t/n.

Cobalt-Nickel Industry Layout of GEM