http://cognitive-liberty.online/wiki/api.php?action=feedcontributions&feedformat=atom&user=Shonda9582Cognitive Liberty MediaWiki 1.27.4 - User contributions [en]2026-04-23T00:35:23ZUser contributionsMediaWiki 1.27.4http://cognitive-liberty.online/wiki/index.php?title=China_apos;s_CNGR_To_Make_Nickel_Matte_In_Indonesia_As_Battery_Demand_Grows&diff=7411China apos;s CNGR To Make Nickel Matte In Indonesia As Battery Demand Grows2021-05-28T10:56:29Z<p>Shonda9582: </p>
<hr />
<div><br>By Tom Daly<br> <br>April 8 (Reuters) - Chinese [http://www.reddit.com/r/howto/search?q=battery%20material battery material] maker CNGR Advanced Material Co said on Thursday it would set up a joint venture in Indonesia to produce nickel matte, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html kynghidongduong.vn] used to make chemicals for electric car batteries, with a Singapore-based partner.<br> <br>CNGR last month agreed to buy nickel matte - an intermediate product that can be processed into battery-grade nickel - from Tsingshan Holding Group.<br>The surprise deal sent nickel prices plunging as the market sensed concerns of tight nickel supply could be overdone.<br> <br>Now, 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.<br> <br>The project with Singapore-based Rigqueza International will produce 30,000 tonnes of nickel matte a year, CNGR said.<br> <br>"Demand for ternary material nickel is accelerating," CNGR said in a filing to the Shenzhen Stock Exchange, [https://www.kynghidongduong.vn/tours/tour-trung-quoc-nam-ninh-truong-gia-gioi-phuong-hoang-co-tran-6-ngay.html tour trương gia giới] noting a trend toward high-content nickel batteries with a longer [http://www.glamour.de/content/search/?SearchText=lifespan lifespan].<br> <br>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%.<br><br>Rigqueza is registered in Singapore but it was not immediately clear if the company is related to Tsingshan.<br> <br>The first $81 million phase is set to produce 10,000 tonnes of matte on a nickel content basis, said the filing, which did not provide a targeted start-up date.<br> <br>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.<br> <br>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.<br><br>(Reporting by Tom Daly; Editing by Susan Fenton)<br></div>Shonda9582