格林美：2025年前三季度，公司钴回收超过6000吨

Core Viewpoint - The increase in cobalt prices is expected to have a positive impact on the company's performance, as it effectively mitigates supply chain disruptions through its cobalt recycling and nickel resource projects in Indonesia [1] Group 1: Cobalt Price Impact - The company acknowledges that rising cobalt prices generally lead to improved financial performance [1] - The annual quota policy implemented by the Democratic Republic of Congo highlights the fragility and uncertainty of the traditional cobalt supply chain [1] Group 2: Cobalt Recycling and Production - The company has a cobalt recycling capacity that exceeds 350% of China's cobalt mining output [1] - In the first three quarters of 2025, the company recycled over 6,000 tons of cobalt [1] - The company's nickel resource project in Indonesia produced 6,534 tons of cobalt metal, significantly supplementing cobalt supply during the DRC's cobalt embargo [1] Group 3: Overall Profitability - The company's cobalt recycling business and the cobalt production from its Indonesian nickel resource project are driving the upward trend in overall profitability during the current cobalt price upcycle [1]