Huayou Aims for $2.7 Billion to Fuel Ford-Backed Nickel Plant in Indonesia

Huayou Aims for $2.7 Billion to Fuel Ford-Backed Nickel Plant in Indonesia
2 months ago

In a significant push to capitalize on the booming electric vehicle (EV) market, Huayou Cobalt Co., a leading Chinese battery materials supplier, is actively seeking to raise a staggering $2.7 billion. The funds will be directed towards the construction of a nickel processing plant in Indonesia, a project that boasts backing from automotive giant Ford Motor Company. This initiative is expected to bolster Huayou’s position in the global battery supply chain as demand for nickel intensifies against the backdrop of rapid EV adoption.

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China's Cobalt Tycoon Achieves Production Milestone Ahead of Schedule

China's Cobalt Tycoon Achieves Production Milestone Ahead of Schedule
2 months ago

In a significant achievement for the global cobalt market, China's leading cobalt producer, Zhejiang Huayou Cobalt Co., has reached its annual output goal for 2024 several months in advance, highlighting the company's robust operational prowess and the increasing demand for cobalt in electric vehicle (EV) batteries.

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