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Ford joins PT Vale Indonesia and Huayou in Pomalaa nickel project; offtake agreement

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PT Vale Indonesia Tbk and China’s Zhejiang Huayou Cobalt Co. creating a three-party collaboration to advance more sustainable nickel production in Indonesia and help make electric vehicle batteries more affordable. The Pomalaa Block HPAL Project will process ore provided by PT Vale Indonesia from its Pomalaa Block mine to produce MHP.

Indonesia 259
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BNEF: Net-zero transition potentially a $3.5T investment opportunity for Indonesia

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The global net zero transition can represent a $3.5-trillion trillion investment opportunity for Indonesia, according to a new report published at the BNEF Summit Bali by research company BloombergNEF (BNEF) entitled Net-Zero Transition: Opportunities for Indonesia. trillion under the NZS.

Indonesia 195
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GlobalData: Global coal production set to grow to 2022, despite major players scaling down capacities

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Although Germany, the UK, US, Canada and Ukraine are phasing out domestic coal production capacity, expansion of production capacity in countries such as India and Indonesia is predicted to generate modest annual growth of 1.3% After declining consecutively for three years, global coal production increased by 2.8% to 7,188.8

Coal 321
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Nornickel presents market review of nickel and platinum group metals

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Despite extremely low LME nickel exchange inventories, which are currently at the 2007 level and amount to less than 5 days of global use only, the LME nickel contract was down by 30% since the beginning of the year. It will see a modest growth this year, with global passenger car sales reaching 86 million units, up 6% from the previous year.

Market 304
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Air Products and Topsoe sign global alliance agreement for collaboration on large-scale ammonia, methanol, and/or dimethyl ether projects

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Air Products, a leader in industrial gases and megaproject development, and Haldor Topsoe, a leader in high-performance catalysts and proprietary technology for the chemical and refining industries, have signed a global Alliance Agreement. Half of all the ammonia used to make artificial fertilizer is produced using Topsoe catalysts.

Global 259
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CATL and Indonesia set sights on EV material mining, battery manufacturing with $6B investment

Teslarati

A series of CATL subsidiaries have announced a new $6 billion investment with Indonesia in an effort to boost nickel mining and processing, battery materials obtainment, battery manufacturing, and battery recycling as e-mobility continues to surge forward. ANTAM is a member of the state-owned mining company MIND ID of Indonesia.

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SK On, EcoPro Materials and GEM to build battery precursor plant in South Korea

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trillion won (US$934 million) for what will be their second joint venture after the nickel MHP producing joint venture founded in Indonesia last year. The precursors to be made at Saemangeum plant will use Nickel Mixed Hydroxide Precipitate (MHP), which is produced by the joint venture of the three companies in Indonesia, as a raw material.