Tesla supplier Sumitomo to exit Indonesia as Huayou targets 500% nickel increase 

China’s Huayou Cobalt said its nickel production will increase by as much as 500% this year as its processing project in Indonesia starts production, just as Tesla supplier Sumitomo Metal Mining (SMM) said it would exit a joint venture in the country. Huayou’s chairman Chen Xuehua said the start of its PT Huayue Nickel Cobalt […]