China apos;s CNGR To Make Nickel Matte In Indonesia As Battery Demand Grows

2021-05-30T18:18:28Z

51.68.152.229:

By Tom Daly April 8 (Reuters) - Chinese battery material maker CNGR Advanced Material Co said on Thursday it would set up a joint venture in Indonesia to produce nickel matte, used to make chemicals for [http://imageshack.us/photos/electric electric] car batteries, with a Singapore-based partner. CNGR last month agreed to buy nickel matte - an intermediate product that can be processed into battery-grade nickel - from Tsingshan Holding Group. The surprise deal sent nickel prices [http://www.ourmidland.com/search/?q=plunging plunging] as the market sensed concerns of tight nickel supply could be overdone. Now, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour du lịch phượng hoàng cổ trấn] Changsha-based CNGR is looking to produce matte itself in a $243 million smelting project in Tsingshan's industrial park on the Indonesian island of Sulawesi. The project with Singapore-based Rigqueza International will produce 30,000 tonnes of nickel matte a year, CNGR said. "Demand for ternary material nickel is accelerating," CNGR said in a filing to the Shenzhen Stock Exchange, noting a trend toward high-content nickel batteries with a longer lifespan. CNGR will hold a 70% stake in the joint venture, to be called PT ZhongTsing New Energy, according to the filing, with Rigqueza holding the remaining 30%. Rigqueza is registered in Singapore but it was not immediately clear if the company is related to Tsingshan. The first $81 million phase is set to produce 10,000 tonnes of matte on a nickel content basis, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] said the filing, which did not provide a targeted start-up date. The venture is the latest in a number of Chinese-backed projects in top nickel miner Indonesia, which banned nickel ore exports from the start of 2020 as it sought to establish a fully integrated battery industry at home. Chinese battery maker Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in the Southeast Asian country, Indonesian government officials have said. (Reporting by Tom Daly; Editing by Susan Fenton)

French Car Maker Peugeot To Repatriate Staff From China apos;s Wuhan Area

2021-05-27T18:16:22Z

51.68.152.229: Created page with " PARIS, Jan 25 (Reuters) - French automotive group PSA , maker of the Peugeot and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoa..."

PARIS, Jan 25 (Reuters) - French automotive group PSA , maker of the Peugeot and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour phượng hoàng cổ trấn] Citroen brands, said in a statement it will repatriate expat staff and their [http://www.fin24.com/Search/News?queryString=families families] from the Wuhan area in China, which is at the centre of an outbreak of coronavirus. It said that 38 people would be evacuated and [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] that the initiative will be executed in full collaboration with the Chinese authorities and the French general consulate. PSA said the evacuees will remain in quarantine in Changsha before traveling back to their home countries. (Reporting by Geert De Clercq; Editing by Hugh Lawson)

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China apos;s CNGR To Make Nickel Matte In Indonesia As Battery Demand Grows

French Car Maker Peugeot To Repatriate Staff From China apos;s Wuhan Area