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
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 ...