https://newsletter.mw.creamermedia.com
Building|Energy|Industrial|PROJECT|Refinery|Stainless Steel|Steel|supply-chain
Building|Energy|Industrial|PROJECT|Refinery|Stainless Steel|Steel|supply-chain
building|energy|industrial|project|refinery|stainless-steel|steel|supply chain

Eramet and Huayou explore EV nickel partnership in Indonesia

5th July 2024

By: Bloomberg

  

Font size: - +

French miner Eramet is exploring a partnership with Zhejiang Huayou Cobalt to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.

Eramet is in talks for an ore supply agreement to a high-pressure acid leach (HPAL) plant run by the Chinese firm in the Indonesia Weda Bay Industrial Park, according to people familiar with the matter. Eramet is also considering taking a stake in the Huafei plant controlled by Huayou, which is the world’s largest HPAL facility, one of the people said.

A spokesperson for Eramet declined to comment on the talks. It said in an earlier statement it was continuing to evaluate further investments in Indonesia. Huayou didn’t immediately respond to an email requesting comment.

The move underlines the difficulty Western firms face in creating a supply chain of critical minerals free from Chinese influence. Last month, Eramet canceled plans to build a $2.6-billion nickel-cobalt refinery with Germany’s BASF in Weda Bay, with the latter citing growing availability of battery grade nickel.

That project would have been the only HPAL facility in Indonesia with Western shareholders, potentially making it eligible for generous subsidies under the US Inflation Reduction Act. Chinese companies have been able to build the plants far quicker and cheaper than their Western counterparts, but have also faced concerns over how they manage the tailings with severe contamination risks.

More Chinese-built HPAL plants — which process nickel ore for use in batteries — are set to come online in Indonesia in the coming years to meet rising demand from the electric vehicle sector. Huayou already operates two in the country, and is set to construct two more in partnership with Brazil’s Vale.

Australian-listed Nickel Industries Ltd and Indonesian conglomerate PT Harum Energy are also building plants with Tsingshan Holding Group, the world’s top nickel and stainless steel producer.

Edited by Bloomberg

Comments

Showroom

Condra Cranes
Condra Cranes

ISO-certified Condra manufactures overhead cranes, portal cranes, cantilever cranes and crane components: hoists, drives, end-carriages, brakes and...

VISIT SHOWROOM 
Immersive Technologies
Immersive Technologies

Immersive Technologies is the world's largest, proven and tested supplier of simulator training solutions to the global resources industry.

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Magazine round up | 28 February 2025
Magazine round up | 28 February 2025
28th February 2025
The team from Mine Rescue Services that was involved in the rescue and recovery operation at the Buffelfontein gold mine in Stillfontein, in front of the Mobile rescue winder that extricated the illegal miners
Equipment, training behind Stilfontein rescue success
28th February 2025 By: Halima Frost

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.059 0.134s - 143pq - 2rq
Subscribe Now