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China's CNGR to make nickel matte in Indonesia as battery demand grows

Chinese battery material maker CNGR Advanced Material Co said on Thursday it would set up a joint venture in Indonesia to produce nickel matte, used to make chemicals for electric car batteries, with a Singapore-based partner. ....

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China's CNGR to make nickel matte in Indonesia as battery demand grows

2 Min Read
(Reuters) - Chinese battery material maker CNGR Advanced Material Co said on Thursday it would set up a joint venture in Indonesia to produce nickel matte, used to make chemicals for electric car batteries, with a Singapore-based partner.
CNGR last month agreed to buy nickel matte - an intermediate product that can be processed into battery-grade nickel - from Tsingshan Holding Group. The surprise deal sent nickel prices plunging as the market sensed concerns of tight nickel supply could be overdone.
Now, Changsha-based CNGR is looking to produce matte itself in a $243 million smelting project in Tsingshan’s industrial park on the Indonesian island of Sulawesi. ....

Tom Daly , Susan Fenton , Thomson Reuters Trust Principles , Amperex Technology , Rigqueza International , Tsingshan Holding Group , Shenzhen Stock Exchange , Material Co , Pt Zhongtsing New Energy , Tsingshan Holding , Singapore Based Rigqueza International , Tsing New Energy , Contemporary Amperex Technology , Southeast Asian , Thomson Reuters Trust , டோம் டேலி , சூசன் ஃபெண்டன் , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ப்ரிந்ஸிபல்ஸ் , ஷென்சென் ஸ்டாக் பரிமாற்றம் , பொருள் இணை , தென்கிழக்கு ஆசிய , தாம்சன் ராய்ட்டர்ஸ் நம்பிக்கை ,