Vale Indonesia, Huayou Cobalt sign nickel agreement amid optimism for EV demand

Nickel miner PT Vale Indonesia and Chinese battery material provider Huayou Cobalt have signed an agreement to construct a nickel project in Indonesia amid a rising trend for investments in the battery metal driven by the global growing electric vehicle (EV) industry.

PT Vale Indonesia, Huayou Cobalt as well as PT Huali Nickel Indoensia, a wholly owned unit of Huayou, signed an agreement on Friday August 25 to produce mixed hydroxide precipitate...


Yiwen Ju

August 28, 2023

14:41 GMT