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001122334455554433221100
001122334455554433221100

china and vale to invest 1.42 billion in nickel plant in indonesia

GEM Co., a Chinese battery-metal producer, and Vale SA's Indonesian unit have signed a framework agreement to construct a $1.42 billion nickel plant in Indonesia. Located on Sulawesi island, the facility will utilize high-pressure acid leach technology to process nickel laterite ore, producing 66,000 tons of mixed hydroxide precipitate annually, targeting the automotive sector.
bloomberg.com
Indonesian Rupiah Vale SA IDN Vale SA
Finance & Economy, Press Release
05:14 11.11.2024
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