GEM Co., a Chinese battery-metal producer, and Vale’s Indonesian unit signed an agreement to build a $1.42-billion nickel plant in the Southeast Asian nation, highlighting the country’s drive to boost processing.

China and Indonesia signed deals worth $10 billion at the Indonesia-China Business Forum in Beijing on Sunday, spanning sectors including food, new energy, technology, and biotechnology, Chinese state media reported.

Zhejiang Huayou Cobalt Co., one of the world’s largest nickel producers, is sounding out banks for roughly $2.7 billion in financing for its Ford Motor Co.-backed project in Indonesia, according to people familiar with the matter.

Canada Nickel Company Inc. has intersected a significant interval of massive sulphide on its Bannockburn Property located 65 kilometres south of Timmins.

China will step up efforts to support domestic exploration of lithium, cobalt, and nickel resources and bolster national resource security, under a draft plan released on Wednesday by the Ministry of Industry and Information Technology.

LME Nickel Inventories Reach Over Three-Year High

The Ministry of Energy and Mineral Resources (ESDM) has reported that investment in mineral downstreaming in North Maluku was recorded at IDR 55 trillion (USD 3.5 billion) in the period of January to September 2024.

Copper Concentrate Export Ban Set for 2025, Ministry of Industry Announces Expectations