Eramet and Huayou Explore EV Nickel Partnership in Indonesia
- French miner considers taking stake in Huayou’s nickel plant
- Eramet canceled a deal with BASF to build similar plant
A nickel mining site on Obi Island, North Maluku, Indonesia.
Photographer: Dimas Ardian/BloombergThis article is for subscribers only.
French miner Eramet SA is exploring a partnership with Zhejiang Huayou Cobalt Co. to produce battery-grade nickel in Indonesia after a similar project with a European partner fell through last month.
Eramet is in talks for an ore supply agreement to a high-pressure acid leach (HPAL) plant run by the Chinese firm in the Indonesia Weda Bay Industrial Park, according to people familiar with the matter. Eramet is also considering taking a stake in the Huafei plant controlled by Huayou, which is the world’s largest HPAL facility, one of the people said.