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Ford joins PT Vale Indonesia and Huayou in Pomalaa nickel project; offtake agreement

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PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. The Pomalaa Block HPAL Project will process ore provided by PT Vale Indonesia from its Pomalaa Block mine to produce MHP.

Indonesia 259
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State-owned Indonesia Battery Holding to help build integrated EV industry in Indonesia; role of nickel

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In Indonesia, state miners MIND ID (Mining Industry Indonesia) and Aneka Tambang (ANTAM); state utility Perusahan Listrik Negara (PLN); and state oil company Pertamina have agreed to form a new venture: Indonesia Battery Holding.

Indonesia 170
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Chiyoda lands $2.7B contract for new copper smelter in Indonesia

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billion engineering, procurement and construction (EPC) contract by PT Freeport Indonesia (PTFI)—a mineral mining company affiliate of US-based Freeport-McMoRan (FCX) and MIND ID Indonesia’s Mining Industry—for a copper smelter in Gresik, East Java, Indonesia.

Indonesia 418
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. On the other hand, Indonesia also needs to consider measures to accelerate the growth of renewables within this decade.

Indonesia 195
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Nornickel presents market review of nickel and platinum group metals

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Russia-based Nornickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, presented its eleventh review of the nickel and platinum group metals (PGM) markets based on the fundamental analysis of world economic and industry data. Mt to 3.22 Mt (7% year-on-year growth).

Market 304
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Tesla visits nickel plant in Indonesia for potential investment

Teslarati

Nickel Industries from down under has invited Tesla, Panasonic, Northvolt, and other automakers and battery suppliers to invest in its facilities in Indonesia. The Australian company plans to expand into the high-purity nickel industry in the electric vehicle (EV) industry. Nickel Industries aims to build a $2.3

Indonesia 130
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Roskill: Indonesia to overtake China as top refined nickel producer this year

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Materials supply chain intelligence company Roskill expects Indonesia to become the world’s largest producer of refined nickel this year, pushing China to second place. As recently as 2014, Indonesia produced only 24kt of refined nickel. The Lygend plant will be the first HPAL plant in Indonesia.

Indonesia 207