Chinese battery raw material supplier GEM and UK miner Anglo American have signed a deal to join hands on environmental, social and governance and development of sustainable solutions for the production and processing of battery raw materials, such as nickel.

Each of the two companies will set up an ESG working group and a research and development team that will focus on enhancing their business partnership, promoting the value of ESG and the cooperation on the sustainable development and technological R&D of battery materials processing techniques, the Shenzhen-based firm announced yesterday, citing a memorandum of understanding it signed with Anglo American’s unit in Singapore.

The MoU is an intention and framework agreement about GEM’s and Anglo American’s commitment and willingness to cooperate and their basic principles, GEM noted, adding that more details about the partnership will be further specified later in a formal cooperation agreement that they will sign.

The MoU will further consolidate the pair’s partnership on the backdrop of various global green challenges, expand GEM’s nickel sales channels overseas, especially in Europe and North America, enhance the company’s core competitiveness and market-oriented competition edges in the global new energy material industry, and promote its ESG-related brand value worldwide to facilitate its sustainable and rapid growth, GEM pointed out.

Founded in 2001, GEM is engaged in the production of new energy materials and the mining of urban ores. It has over 10,000 employees.

GEM’s shares [SHE:002340] were trading down 0.2 percent at CNY4.96 (70 US Cents) as of lunch break in Shenzhen today.

（Picture: Veer）