[Ferro-Alloys.com] 

Eramet, BASF cancel plan to invest $2.6 billion in refining complex in Indonesia

French miner Eramet said on Monday it had decided, along with Germany’s BASF, to cancel a $2.6 billion joint investment project in a nickel-cobalt refining complex in Weda Bay, Indonesia.

“Eramet will continue to evaluate potential investments in the nickel electric vehicle battery value chain in Indonesia and will keep the market informed in due course”, Eramet said.

• [Editor:邢亚敏]