15
Jul
08:54
GEM sees 60-80% y-o-y increase in H1 net profit
Chinese battery recycler GEM estimates its first-half net profit to be in the range of CNY 661-765 million ($91-105.3m), up of 60-85% year-on-year, Kallanish learns.
In H1, its average production capacity utilisation rate for core products such as ternary precursors, as well as cobalt and nickel products exceeded 98%. The company also claims its gross profit margin increased significantly, though details weren't provided.
During this period, the p…
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Anonymous
Very good overview of the weekly steel market.
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