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Indonesian nickel company Halmahera Persada Lygend said on Thursday it has inaugurated operations at its first nickel sulphate plant, as the country ramps up its ambitions to dominate the electric vehicle (EV) industry.
POSCO Holdings is starting a nickel business for secondary batteries in Indonesia. The company signed a memorandum of agreement (MOA) with China s Lygend Resources & Technology in Jakarta, Indonesia to cooperate in nickel production. With this MOA, POSCO Holdings will have a nickel supply network in Indonesia, the world s No. 1 nickel holder and producer, the company announced, Friday.