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China s Huayou invests in $2 1 billion Indonesia nickel project

Message : Required fields (Reuters) -China s Zhejiang Huayou Cobalt Co said on Monday it would partner electric vehicle battery maker EVE Energy and others in a $2.08 billion nickel and cobalt project in Indonesia. The company is also splashing out $210 million on a stake in Chinese battery materials producer Tianjin B&M Science and Technology Co (B&M) as it makes investments across the rechargeable battery supply chain. Huayou will hold 20% of the Indonesian venture, tentatively called PT Huayu Nickel Cobalt. It is the cobalt producer s third battery nickel smelting project in Indonesia, which is becoming an important centre for battery chemicals.

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China s Huayou, EVE Energy to set up nickel smelter in Indonesia

Project aims to produce 120,000 T nickel, 15,000 T cobalt a year Huayou to hold 20%, EVE 17% and Tsingshan unit 31% May 24 (Reuters) - China’s Zhejiang Huayou Cobalt Co said on Monday it would partner with companies including a unit of battery maker EVE Energy to set up a $2.08 billion nickel and cobalt smelting project in Indonesia. Huayou will hold 20% of the venture and it is the cobalt supplier’s third major investment in a smelter in top nickel ore miner Indonesia, which is becoming an important centre for the nickel and cobalt chemicals used in electric vehicle batteries. The latest site will be at Weda Bay on the island of Halmahera in North Maluku province where Huayou already partners with Tsingshan Holding Group in a nickel sulphate project. The project aims to produce around 120,000 tonnes of nickel and 15,000 tonnes of cobalt on a metal content basis, Huayou said in a filing to the Shanghai Stock Exchange.

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China s Huayou, EVE Energy to invest $2 1b in Indonesia nickel project

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China s Huayou invests in US$2 1 billion Indonesia nickel project

China s Huayou invests in US$2 1 billion Indonesia nickel project
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South koreaMin zhangJakarta rayaChristian schmollingerEmelia sithole matariseMai nguyenTom dalyYongqing technology coYongrui holdingsLindo investment pte ltdShanghai stock exchangeTsingshan holding groupChina zhejiang huayou cobalt coGlaucous international pte ltdTechnology coTianjinbm science

US$2 1bil Indonesia nickel project aims to produce 120,000 T nickel, 15,000 T cobalt a year

US$2 1bil Indonesia nickel project aims to produce 120,000 T nickel, 15,000 T cobalt a year
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Jawa baratJakarta rayaChina molybdenum coYongqing technology coYongrui holdingsLindo investment pte ltdShanghai stock exchangeTsingshan holding groupChina zhejiang huayou cobalt coGlaucous international pte ltdTechnology coTianjinbm scienceWeda bayCapital marketsChina molybdenumHangzhou hongyuan equity investment