The Namibia Press Agency, (NAMPA), was established in 1991 as a national news agency responsible for the distribution of local, regional and international news.

China's CNGR to make nickel matte in Indonesia as battery demand grows

Contributed by NAMPA / Reuters.

By Tom Daly
April 8 (Reuters) - Chinese battery material maker CNGR
Advanced Material Co said on Thursday it would set
up a joint venture in Indonesia to produce nickel matte, used to
make chemicals for electric car batteries, with a
Singapore-based partner.
CNGR last month agreed to buy nickel matte - an intermediate
product that can be processed into battery-grade nickel - from
Tsingshan Holding Group. The surprise deal sent nickel prices
plunging as t ...

 

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