04
Jan
16:18
NICKEL: China's GEM Co to boost stake in Indonesia project
China-based metals recycler and supplier GEM Co Ltd says it intends to double its stake in an Indonesian nickel salt project to produce supplies for lithium-ion batteries, Kallanish has learned.
GEM said its Jingmen GEM New Materials unit has agreed to increase its stake from 36% to 72% at Indonesia’s Morowali Industrial Park. It will acquire the 21% stake held by Xinzhan International Holding and will buy a 60% stake in Hong Kong Brunp Recycling, which owns…
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Anonymous
Very good overview of the weekly steel market.
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