Transasia Minerals plans to develop nickel processing facility in Indonesia by 2024
2022-01-21 13:44:54 [Print]
On January 9, Indonesia-based Transasia Minerals Ltd announced its plans to proceed with developing a nickel processing facility in Morowali, Central Sulawesi, Indonesia.
The nickel processing facility in Morowali is slated to complete construction by 2024. The project investment is estimated at USD 2 billion, and the facility will focus on the production of ferronickel and EV battery grade nickel sulphate, a raw material used to produce EV batteries.
With Indonesia moving towards boosting economic growth and looking to attract foreign direct investment, the nation's abundant nickel reserves provide a platform to scale up the value-chain and become a hub for end-to-end battery making.
The nickel processing facility in Morowali is slated to complete construction by 2024. The project investment is estimated at USD 2 billion, and the facility will focus on the production of ferronickel and EV battery grade nickel sulphate, a raw material used to produce EV batteries.
With Indonesia moving towards boosting economic growth and looking to attract foreign direct investment, the nation's abundant nickel reserves provide a platform to scale up the value-chain and become a hub for end-to-end battery making.
Ferro-nickel 1.5%min EXW China
Unit:RMB/mt
China ferronickel producers' suspension number statistics by province by month
Unit: pcs
