BASF, Eramet cancel $2.6bn nickel project on EV slump

In:

Metals and Mining

Region:

Asia-Pacific

BASF and Eramet have abandoned plans to spend up to $2.6 billion building a nickel-cobalt refinery in Indonesia, reversing course after slowing sales growth for electric vehicles crimped demand.Global availability of battery-quality nickel has improved since the project was conceived, BASF said. A...

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