China’s GEM looks to take strategic control of Indonesian nickel & cobalt project
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Leading Chinese battery cathode material producer, GEM, has signed a memorandum of understanding (MoU) to double its equity from 36% to 72% in the PT QMB New Energy Materials nickel and cobalt project in Indonesia, to take a controlling stake in the operation, which it has been developing ion partnership with China’s CATL and Tsingshan, […]