GEM to prioritize overseas bookings amid Hubei lockdown

Chinese battery materials producer GEM will prioritize delivering cargoes to overseas buyers in February amid the large-scale lockdown in Hubei province following the outbreak of the novel coronavirus (2019-nCoV), a company source told Fastmarkets.

GEM’s Jingmen plant is located in Jingmen city, Hubei province, which has been heavily affected by the coronavirus outbreak. The plant is unable to resume operations, but the company's stocks of nickel-cobalt-manganese (NCM) battery precursor materials can mostly cover overseas bookings for February, according to the source.

“We have discussed with local government...

Published

Susan Zou

February 12, 2020

10:07 GMT

Shanghai