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Indonesian
state-controlled miner Aneka Tambang aims to
launch the construction of two nickel processing facilities next
year under its partnership with China s Ningbo Contemporary
Brunp Lygend Ltd.
Nickel Smelter: The projects are part of Antam s deal with CBL to develop an "ecosystem" to produce materials used in batteries for electric vehicles (EV), and part of Indonesia s bigger ambition to set up itself as a production hub for EVs.
The Indonesia stock market has moved higher in three straight sessions, gathering almost 50 points or 0.8 percent along the way. The Jakarta Composite Index now sits just above the 7,375-point plateau although it may run out of steam on Tuesday.
Indonesian state-owned mining company Aneka Tambang (known as Antam) plans to commence the construction of two nickel processing facilities next year. The project will produce materials for electric vehicle batteries, aligning with Indonesia's ambitious plan to establish itself as a hub for electric vehicle production.