China's CNGR to make nickel matte in Indonesia
2021-04-09 12:05:56 [Print]
Chinese battery material maker CNGR Advanced Material Co said on April 8 it would set up a joint venture in Indonesia to produce nickel matte with a Singapore-based partner, Rigqueza International.
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. The project will produce 30,000 tonnes of nickel matte a year, CNGR said.
CNGR will hold a 70% stake in the joint venture, with Rigqueza holding the remaining 30%.
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. The project will produce 30,000 tonnes of nickel matte a year, CNGR said.
CNGR will hold a 70% stake in the joint venture, with Rigqueza holding the remaining 30%.
Nickel Cathode 99.96%min EXW China
Unit:RMB/mt
China nickel sulfate producers' inventory statistics by province by month
Unit: mt
