Antam to cooperate with Huayou Cobalt and Shandong Xinhai to develop nickel projects
2019-05-28 16:39:05 [Print]
According to related report, PT Aneka Tambang Tbk (Antam), a state-owned company of Indonesia, will cooperate with two Chinese companies, Huayou Cobalt and Shandong Xinhai to develop nickel projects
. In particular, Antam will cooperate with Huayou Cobalt in the production of first grade nickel used in EV batteries and this project will have an investment of USD6-12 billion . In addition, Antam will cooperate with Shandong Xinhai in building a ferronickel plant with an investment of USD1 . 2 billion . This project can produce 40,000t of ferronickel and 600,000t of stainless steel per year in the future.