Latest news on China MHP markets

GEM, Vale to build $1.42 billion net-zero nickel plant in Indonesia

China's GEM Co., a producer of battery materials, has signed an agreement with global mining giant Vale's Indonesian unit to develop a $1.42 billion net-zero nickel processing plant in Central Sulawesi, Indonesia. The deal was inked on November 10 under the Indonesian president's witness, Mysteel Gl

FLASH: Huayou Cobalt to invest in MHP project in Indonesia

Chinese listed company Zhejiang Huayou Cobalt Industry Co., Ltd. announced on December 4 that it plans to sign cooperation agreements through its wholly-owned subsidiary Huaqi (Singapore) Pte Ltd with PT Vale Indonesia Tbk, Ford Motor Company, and PT Kolaka Nickel Indonesia, as well as KNI Company t

Indonesian MHP production surges 25.8% MoM in Aug

According to four Indonesian sample smelters surveyed by Mysteel, Indonesia's MHP production in August 2023 was 18,300 tonnes, a 25.8% increase MoM and a 99.9% increase YoY. Indonesia's MHP cumulative production from January to August was 10.62 million tonnes, a 78.7% increase YoY. It is estimated t

MBMA's largest battery factory to be completed within two years

On July 26, 2023, Merdeka Battery Materials (MBMA) suggested its battery factory currently under construction will be completed in at least the next two years.   MBMA's director Andrew Starkey said the development of the battery plant was integrated with the nickel mine. The plant uses nickel limoni

POSCO FUTURE M to expand high-nickel NCA capacity

On July 24, the board directors of POSCO FUTURE M approved a project to build a high-nickel NCA cathode material factory with aa capacity of 52,500 tonnes for KRW 683.4 billion (US$535.06 million) by 2025. The construction work is planned to commence in H1 2024and complete by H2 2025.   Once the pro

HMA nickel price down $1,940 YoY in July 2023

Indonesian Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif issued the mineral reference price HMA and coal reference price HBA on Monday, July 17, 2023.   According to the Minister of Energy and Mineral Resources Notification No. 183 of 2023, the reference price will come into effect w

HBA thermal coal prices rose slightly to $191.6/tonne in July 2023

Indonesian government's benchmark thermal coal price HBA for July 2023 increased by US$0.34 MoM to US$191.6/tonne.

98% of Indonesia's nickel products shipped to China in June

According to the latest information from the Indonesian Ministry of Trade, the total exports of Indonesia's nickel products in June 2023 stood at 828,261.18 tonnes in physical content (the same below), including 734,028.85 tonnes of NPI, 5,790.87 tonnes of ferronickel, 21,341.72 tonnes of high-grade

PT.AMI and IKNJ signs MOU on nickel hydrometallurgy project

On July 12, PT Asdah Mineral Indonesia signed a Memorandum of Understanding (MoU) with PT Industri Kimia Nusantara Jaya and Kamar Dagang dan Industri Indonesia (Kadin), aiming at carrying out feasibility research and cooperation in the application of hydrometallurgical technologies.   The plan is to

Weekly: Nickel sulphate market 2023.7.10

Price:   Supply and Demand:    The demand of downstream ternary precursor manufactures recovered slowly.   The prices of nickel sulphate were capped by the increasing supply caused by production resumption and coming arrivals of Indonesia's exports.   But the retail prices of nickel sulphate were r