Ford signs $4.5-B deal with Vale Indonesia, Huayou for EV battery material plant
SOROWAKO, Indonesia – U.S. carmaker Ford Motor Co signed a final investment agreement with PT Vale Indonesia, and China’s Zhejiang Huayou Cobalt on Thursday to build nickel processing plant, valued at around $4.5 billion. The high-pressure acid leaching (HPAL), located in Pomalaa, Southeast Sulawesi where Vale operates a nickel mine, is expected to produce 120,000 … Continue reading Ford signs $4.5-B deal with Vale Indonesia, Huayou for EV battery material plant
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