China’s GEM looks to take strategic control of Indonesian nickel & cobalt project

Leading Chinese battery cathode material producer, GEM, has signed a memorandum of understanding (MoU) to double its equity from 36% to 72% in the PT QMB New Energy Materials nickel and cobalt project in Indonesia, to take a controlling stake in the operation, which it has been developing ion partnership with China’s CATL and Tsingshan, among others.

The project, located at the Morowali Industrial park in Indonesia, has a design capacity of 50,000 tpa of nickel and 4,000 tpa of cobalt, and had originally been due to begin commercial production in 2022.

However, since its announcement in . . .

Login to continue reading!

This article is restricted to Benchmark Membership subscribers.


Not subscribed yet?

To subscribe or to find out more about Benchmark Membership click here or fill in the form below and a member of our team will be in touch with you as soon as possible.