Wedoany.com Report, On March 16, GEM Co., Ltd., headquartered in Shenzhen, China, disclosed that its recycling volume of waste tungsten resources exceeded 10,000 tons in 2025, a significant increase from 6,486 tons (WC basis) in 2024. The company has established the world's largest and technologically leading industrial base for recycling waste tungsten resources. The annually recycled tungsten resources account for 10% of China's primary tungsten mining output.

Founded in 2001 and listed on the Shenzhen Stock Exchange in 2010, GEM issued GDRs on the SIX Swiss Exchange in 2022. It is a world-leading waste recycling industry group. Its main businesses cover the recycling of critical metal resources, lithium-ion battery recycling, and new energy material manufacturing, recycling over 30 types of scarce resources including cobalt, nickel, lithium, and tungsten. Currently, GEM has built 19 waste recycling plants and new energy material manufacturing bases in 11 provinces and cities across China, as well as in South Africa, South Korea, Indonesia, and other locations.

The breakthrough in tungsten resource recycling volume is attributed to the iteration of recycling technologies, the upgrade of products towards high-value deep processing, and the expansion of the channel network. This has become a significant growth driver for its critical metal resource recycling business.