ASIATODAY.ID, JAKARTA – Eramet announces its decision and that of BASF not to invest in a joint nickel and cobalt refining plant1 in Indonesia Weda Bay Industrial Park (IWIP).
Eramet will continue to evaluate potential investments in the nickel battery value chain for electric vehicles in Indonesia and will keep the market informed in due course.
In 2020, Eramet and BASF signed an agreement to assess the potential for joint development and construction of a nickel and cobalt refining plant in Weda Bay. After an in-depth evaluation, including the project execution strategy, the two partners decided against this investment.
Geoff Streeton, Chief Development Officer of Eramet, said Indonesia is ready to play an important role in the future of the global nickel market.
“Eramet remains focused on responsibly optimizing Weda Bay mining resources to supply ore to local nickel producers, and continues to explore opportunities to participate in the nickel battery value chain for electric vehicles in Indonesia,” said Geoff in an official statement quoted from Jakarta, Tuesday, June 25 2024.
Eramet transforms the Earth’s mineral resources to provide sustainable and responsible solutions to the growth of industry and the challenges of the energy transition.
Its employees are committed to this through their civic and contributory approach in all the countries where the mining and metallurgical group is present.
Manganese, nickel, mineral sands, lithium and cobalt: Eramet values and develops the metals essential to building a more sustainable world.
A privileged partner of its industrial customers, the Group contributes to making infrastructures and constructions robust and resistant, means of mobility more efficient, health tools safer, telecommunications devices more efficient.
Fully committed to the era of metals, Eramet aims to become a benchmark for the responsible transformation of the Earth’s mineral resources, for living well together. (AT Network)
Follow Us at Google News and WA Channel