Chinese firms commit 35 billion USD investment in Indonesia's nickel processing
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Jakarta (VNA), Oct. 22 -- Chinese investors are seeking to expand their business in Indonesia by doubling their investment in nickel processing to 35 billion USD by 2033.
Chinese steel and battery companies operating in Indonesia met with the country's Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan during his recent visit to China's Yunnan province, the minister's spokesman Jodi Mahardi said.
Among the projects discussed was a plan by China's Contemporary Amperex Technology Co Ltd and Ningbo Lygend Mining Co to create an integrated lithium battery production facility. This would be their largest facility in the world.
The companies, along with others including Tsingshan Holding Group and Delong Holdings, cur...
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