Chinese Companies Seize Indonesian Nickel Resources Amid New Energy Battery Opportunities

Chinese Companies Seize Indonesian Nickel Resources Amid New Energy Battery Opportunities
A worker mans a furnace during the nickel smelting process at Indonesian mining company PT Vale's smelting plant in Soroako, South Sulawesi, on March 30, 2019 . Bannu Mazandra/AFP via Getty Images
Anne Zhang
Updated:

The recent big investments Chinese companies are making in Indonesian nickel mines are attracting renewed attention.

China’s CNGR Advanced Materials Co Ltd. announced on May 19 that it will expand its nickel matte business in Indonesia, partnering with Singapore’s RIGQUEZA International Co., LTD. A total investment of $1.26 billion will be put in a production line in Indonesia with an annual capacity of 40,000 tons of nickel matte. This is the second cooperation between the two companies in Indonesia. In 2021, the two sides signed a cooperation project agreement to produce 60,000 tons of nickel matte per year.

Anne Zhang
Anne Zhang
Author
Anne Zhang is a writer for The Epoch Times with a focus on China-related topics. She began writing for the Chinese-language edition in 2014.
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