SK Innovation, page-1936

GEM is a major supplier of precursors to Ecopro which in turn is the major supplier of CAM to SK Innovation and Samsung.

You would think that together with GEM's massive precursor  recycling capability and the prior deals done between Ecopro and Blackstone (for Ni) and between both GEM and SKI with Glencore, that, with this deal, GEM-Ecopro  must be pretty close to securing all required supplies for their SKI and Samsung contracts to around 2030.

China's GEM to buy nickel chemicals from rivals in Indonesia

https://www.*****.com/ind/Reuters/images/Reuters.gif
ReutersWednesday September 02, 2020 12:23

***** News
Share this article:

LONDON, Sept 2 (Reuters) - China's GEM Co Ltd ,  pursuing a high-profile nickel project in Indonesia, said on  Wednesday it had signed a deal to buy battery-grade nickel  chemicals from a rival plant in the Southeast Asian country.

The nickel market is banking on Chinese investment in  Indonesian high-pressure acid leach (HPAL) projects to supply  electric vehicle battery materials. However, travel curbs in  place due to the coronavirus are putting ambitious start-up  timeframes in doubt.

Battery recycling firm GEM will buy between 74,400 and  178,560 tonnes of nickel materials from a HPAL project on the  island of Obi over eight years from 2021, it said in a filing to  the Shenzhen Stock Exchange.  The project on Obi is a joint venture between China's Ningboa  Lygend and Indonesian firm Harita to produce nickel sulphate and  cobalt sulphate for use in electric vehicle batteries and intermediate mixed hydroxide precipitate.

Obi is due to start production this quarter, Lygend said in  July.  The deal will see GEM buy between 9,300 to 22,320 tonnes of  nickel and 1,162 to 2,790 tonnes of cobalt a year from Obi.  Lygend "will make every effort to ensure that the project  enters commercial operation before June 30, 2021," GEM said.  GEM, with partners including Tsingshan Holding Group, had  been due to start trial production at its own HPAL project on  the Indonesian island of Sulawesi last month.

https://www.*****.com/news/2020-09-...ickel-chemicals-from-rivals-in-Indonesia.html