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EcoPro Invests US$11 Mln in Nickel Smelting Factory in Indonesia

EcoPro Invests US$11 Mln in Nickel Smelting Factory in Indonesia
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EcoPro invests $11 mil in nickel smelting factory in Indonesia

Korean rechargeable battery materials company EcoPro said Monday it has invested $11 million in a stake of a nickel smelting factory in Indonesia to secure the key battery material.

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EcoPro acquires stake in nickel processor

a key battery cell raw material

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EcoPro invests $11m to secure stake in Indonesian nickel smelter

EcoPro, a South Korean battery materials holding company, said Monday that it had invested $11 million for a 9 percent share in Green Eco Nickel, an Indonesian nickel smelter operated by Chinese battery materials firm GEM, to expand the supply of nickel, a crucial raw material for lithium-ion battery production. The Green Eco Nickel smelter, situated on Sulawesi Island in Indonesia, boasts annual production of approx.

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