China’s CNGR to produce nickel matte in $243mln Indonesian project

Chinese battery materials producer CNGR Advanced Material has set up a joint venture with Singapore-based Rigqueza International to produce nickel matte in Indonesia, the former said in a filing to the Shenzhen Stock Exchange on Friday April 9.

The $243 million project, located in the Morowali Industrial Park on the Indonesian island of Sulawesi, will produce 30,000 tonnes (nickel content basis) of nickel matte per year, with the project’s first phase expected to produce 10,000 tonnes (nickel content basis) per year, according to the filing.

The filing did...

Published

Sally Zhang

April 09, 2021

06:36 GMT

Shanghai