South Korean battery materials firm EcoPro invests $11m in a 9% stake of Indonesian nickel smelter Green Eco Nickel.
South Korean battery materials company EcoPro has invested $11m in a 9% stake of a nickel smelting factory in Indonesia, run by Chinese battery material producer GEM. The Green Eco Nickel factory on Sulawesi island processes 20,000 tons of nickel annually. EcoPro plans more investments in Indonesia to secure nickel for its affiliate, EcoPro BM, which aims to produce 200,000 tons of precursors by 2027.
March 25, 2024
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