Western miner Eramet sees no profits in nickel without Chinese partners

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Financial Times 14h ago

Western miner Eramet sees no profits in nickel without Chinese partners - Financial Times

Quick Summary:

Indonesia now accounts for 57 per cent of global refined nickel production, and its share is forecast to rise to 69 per cent by the end of the decade, according to Benchmark Mineral Intelligence.

The project was set to be the only nickel plant in Indonesia with 100 per cent western ownership.

Earlier this year, Eramet and Germany’s BASF cancelled plans for the joint development of a $2.6bn nickel-cobalt refinery complex in Weda Bay, saying there were adequate supplies of battery-grade nickel in the market.