At the end of Q3 2018 a consortium announced plans to build a $700 million nickel processing plant in Indonesia aiming to produce battery-grade nickel chemicals. The joint venture sees major stainless-steel manufacturer Tsingshan, and leading battery materials producer GEM, pair up with a 36% share each.
The Chinese-led investment will also see the battery producer CATL taking a 25% share and Japan’s Hanwa receive an 8% interest in the joint venture.
The project, based in Morowali, Indonesia, is expected to produce 50,000 tonnes per annum (tpa) of high purity nickel and 4,000 tpa . . .