CNGR Advanced Material Co., Ltd. recently stated on an interactive platform that its plan to provide a loan of no more than US$18 million (or equivalent in RMB) to PT Hengsheng New Energy Material Indonesia will be rolled out in an orderly manner based on the company's actual operational needs. The funds will be specifically used for the construction of a nickel matte project and daily production operations, supporting CNGR's integrated layout across the nickel resource industry chain.
Written by Cora Ji, jiruyan@mysteel.com
