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PT QMB New Energy Materials operates a High-Pressure Acid Leaching (HPAL) plant inside the Indonesia Morowali Industrial Park (IMIP) on Sulawesi, converting Indonesian laterite nickel ore into mixed hydroxide precipitate (MHP) — an intermediate feedstock for battery precursor/cathode-active-material production.
Named counterparties identified by open-source research and written only where a primary source states the relationship — never inferred from sector or co-mention. 1 customer-side. This is a partial view: it covers the relationships we could evidence, not the company's full supply base.
EcoPro Co. (KOSDAQ 086520, Korean holding of EcoPro BM/EcoPro Materials) separate-statement note 34 특수관계자 등 lists 매입 등 from associate PT. QMB NEW ENERGY MATERIALS (소재지 인도네시아, 9.00% held) of KRW 45,452,268 thousand in FY2025 (KRW 20,029,903 thousand in FY2024); the same note shows 매입 from PT. Green Eco Nickel KRW 20,735,620 thousand and PT Meiming NEW ENERGY MATERIALS KRW 13,406,302 thousand. Section 3 원재료 lists the holding's purchases as 니켈MHP 등 for 이차전지용 양극활물질 소재 (KRW 188,216 million). QMB's HPAL plant is at IMIP Morowali, Sulawesi; EcoPro Materials (DART 20260320000475) states its precursor-plant MHP is sourced through the parent (모회사와의 협업을 통한 MHP 수급) at Pohang, Korea.
Scope. Absence of a counterparty here is not evidence that none exists — most commercial sourcing is confidential and never becomes public. Rows without a share figure mean no share was disclosed, not that the relationship is small.
This company sits on the supply side for 2 of its 2 materials — a restriction on those is a tailwind, not a headwind.
As a producer, policy pressure across its produced materials is coverage-limited.
Descriptive trend in official policy actions on this company’s materials — a policy-pressure trend, not a price or trading signal. No forward probability is implied. Direction is measured on actions we have discovered, and discovery lags events: where the recent window is too thin to support a calm reading, the row says coverage-limited instead of easing.
No actions in the register have named or swept this company in the last 24 months.