China’s CNGR increases investment in Indonesian nickel matte project by $330mln

Chinese battery materials producer CNGR Advanced Material Co, co-operating with its Singapore-based partner Rigqueza International, has announced an additional investment of $330 million in its nickel matte project in Indonesia, the company disclosed in a filing to the Shenzhen Stock Exchange on Wednesday November 10.

According to the filing, CNGR will use the additional funding in the nickel matte project’s second phase, and the total production capacity for the project’s two phases will then increase to 60,000 tonnes (nickel content basis) of...

Published

Yingchi Yang

November 11, 2021

05:06 GMT

Shanghai