JAKARTA (Reuters) – Indonesian nickel company PT Merdeka Battery Materials said it has signed definitive agreements with strategic partners to build a $1.8 billion high-pressure acid leach plant to produce nickel materials used in EV batteries.
The HPAL plant will have a 90,000 metric tons annual capacity, Merdeka said in a statement on Monday. Construction for the project started in January and the plant is expected to reach the commissioning stage within 18 months, the company added.
(Reporting by Fransiska Nangoy, Stanley Widianto; Editing by Martin Petty)
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