China’s GEM Reports Record First-Half Profit on Booming Indonesian Nickel Output

Breaking NewsAug. 29, 2025

Summarized by NextFin AI

GEM Co. Ltd. reported a record net income of nearly 800 million yuan ($112 million) for the first half of 2025, marking a 14% increase year-over-year.
The company achieved a record shipment of 43,977 tons of nickel from its Indonesian operations, more than double the volume from the same period last year.
Production gains continued in July and August, recovering from operational disruptions caused by heavy rains in March.

AsianFin -- Chinese battery-materials company GEM Co. Ltd. reported record profits for the first half of 2025, driven by a surge in nickel production at its Indonesian plants.

The company’s net income rose 14% to nearly 800 million yuan ($112 million) for the six months ending June, according to a filing on Thursday. GEM shipped a record 43,977 tons of nickel from its Southeast Asian operations, more than double the volume from the same period last year.

The company also noted continued production gains in July and August following operational disruptions caused by heavy rains in March, which prompted safety updates across its facilities.

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