On the morning of September 10, 2024, the opening ceremony for GEM’s Indonesia QMB Phase II Nickel Resources HPAL (1,168m³ Reactor) production line was grandly held at the QMB park. Over 300 people attended the event, including shareholder representatives of QMB, Mr. Zhang Fan, Vice President of Eternal Tsingshan Group, Mr.Yulius Susanto, Deputy Director of Operations at IMIP, Mr. Junaedi, a representative from Morowali Customs of the Indonesian government, Professor Xu Kaihua, Chairman of GEM, Ms. Wang Min, Co-controller and Board Director of GEM, Mr. Lee Sunghwan, Head of EcoPro, Mr. Kurata, Managing Director of Hanwa, and representatives from enterprises within the IMIP park as well as partners of QMB construction.

During the ceremony, Chairman Xu Kaihua expressed his heartfelt thanks to the Indonesian government and the IMIP for providing an excellent business environment, as well as to all shareholders and the global industrial chain for their strong support. He also extended his gratitude and respect to over 200 external construction units and suppliers, along with the thousands of overseas employees who have shown relentless dedication and perseverance over the past 16 months. Chairman Xu noted that, through 16 months of tireless efforts and overcoming numerous challenges, the overseas team and the more than 200 external construction units successfully completed all tasks related to the construction and commissioning of QMB's Phase II nickel resources project. The entire production line is now operational, with process performance indicators and product quality reaching world-class levels. This achievement sets an exemplary case of completing the construction and commissioning of a laterite nickel ore hydrometallurgical project in just 16 months!

Chairman Xu Kaihua emphasized that the successful commissioning of this production line marks another milestone in the company’s Indonesian laterite nickel ore hydrometallurgical project. Building on the successful operation of the first phase, the company has once again utilized its independent design and technology to successfully apply the 1,168m³ ultra-high pressure (HPAL) reactor for low-grade laterite nickel ore hydrometallurgy. This marks the world’s first successful case of using a 1,168m³ ultra-high pressure reactor in the hydrometallurgical processing of low-grade laterite nickel ore. With an annual capacity of over 25,000 MT of nickel per reactor, this achievement represents a significant milestone for China’s hydrometallurgical engineering technology, and a major advancement for Indonesia and the global hydrometallurgical industry!

The successful commissioning of this production line not only provides strong support for the company's downstream precursor material supply but also lays a solid raw material foundation for creating Indonesia's first-ever complete new energy production line, spanning from nickel resources to precursor materials. Looking to the future, Chairman Xu Kaihua encouraged all employees and external partners of QMB to continue their hard work and create even more miracles.

In his speech, Mr. Zhang Fan, Vice President of Eternal Tsingshan Group and a representative of QMB’s shareholders, emphasized that QMB is one of the most outstanding enterprises in terms of localization within the industrial park. The company’s ability to build such a grand high-tech industrial park at an incredible speed is a first in Indonesia and globally. He expressed his deep admiration for Chairman Xu Kaihua’s entrepreneurial spirit in overcoming challenges and personally overseeing the project, as well as the perseverance and resilience shown by the QMB team abroad.

Mr. Yulius Susanto, Deputy Operations Director of IMIP; Mr. Peng Yaguang, Deputy General Manager of GEM and General Manager of QMB; Mr. Huang Bo, representative of the external partner company MCC 22 Group; Mr. Xu Wen, head of Weixing Company; and Mr. Wang Yi, Deputy General Manager of QMB, delivered speeches, congratulating the successful commissioning of the Phase II production line and sharing their experiences during the 16-month construction period.

At the event, the attending guests jointly participated in the ribbon-cutting ceremony. Ms. Wang Min, joint controller and board director of GEM, officially announced the commissioning of the Phase II QMB Nickel Resources Hydrometallurgical (1,168m³ HPAL Reactor) production line!

The event was also attended by Mr. Lou Huiyou, Deputy General Manager of GEM; Ms. Zhang Wei, Deputy General Manager of GEM; and members of the QMB management team.

Opening Ceremony of QMB Phase II Nickel Resources Hydrometallurgical (1,168m³ HPAL Reactor) Production Line

Speech by Professor Xu Kaihua, Chairman of GEM

Speech by Mr. Zhang Fan, Vice President of Eternal Tsingshan Group and Representative of QMB Shareholders

Speech by Mr. Yulius Susanto, Deputy Operations Director of IMIP

Speech by Mr. Peng Yaguang, Deputy General Manager of GEM and General Manager of QMB

Speech by Mr. Huang Bo, Deputy General Manager of MCC 22

Speech by Mr. Xu Wen, Head of Weixing Company

Speech by Mr. Wang Yi, Deputy General Manager of QMB

Ribbon-Cutting Ceremony for the Opening of QMB Phase II Nickel Resources Hydrometallurgical (1,168m³ HPAL Reactor) Production Line