The outlook comes after China's Tsingshan Group surprised the market last year with a low-cost estimate and short time frame to launch a $700 million plant on the Indonesian island of Sulawesi.
Tsingshan Group Mining News
Indonesia's first plant to produce battery-grade nickel is on track to start operations by 2020, though the project still needs an environmental permit that could take up to eight months.
Indonesia's first plant to produce battery-grade nickel chemicals is on track to start operations by 2020.
This project refines the key raw material for the preparation of ternary power batteries from the laterite nickel ore – battery-grade nickel-cobalt raw materials.