Greeenme: Strategic cooperation with local miners in Indonesia, currently stable supply of nickel ore.

Golden Ten Data reported on May 7 that GEM held a performance briefing, and some investors asked: The impact of the nickel quota policy on the company's business? Are there any plans to hold nickel mines? GEM replied that Indonesia's nickel quota system mainly affects high-grade laterite nickel mines, and the company currently uses low-grade ores below 1.2%, and currently has a stable ore supply through strategic cooperation with local miners. However, the tightening of quotas has led to higher nickel prices, and the company is constructing long-distance pipeline works, which, when completed, will improve ore supply stability and reduce costs. The company believes that the current nickel ore price is high, the investment threshold for hydrometallurgy is high, the economic risk is high, and the geopolitics is complex, and it is inclined to cooperate with local Indonesian miners and participate in the construction of smelters with mutual shares.