[Ferro-Alloys.com] 

Ford takes stake in Indonesia nickel project

Ford Motor Co. will take a direct stake in a battery-nickel plant under construction in Indonesia, deepening its role in the supply chain as carmakers try to secure materials for electric vehicles.

The US automaker joins PT Vale Indonesia and China’s Zhejiang Huayou Cobalt Co. as investors in a project to make an annual 120,000 tons of nickel chemicals for EV batteries, according to a joint statement from the companies. The Pomalaa plant is expected to start commercial production in 2026, with total investment at 67.5 trillion rupiah ($4.5 billion).

Indonesia is becoming a major source of battery-ready nickel following a wave of refinery investments in the minerals-rich country, mostly by Chinese companies. Ford, which plans to make 2 million EVs a year by the end of 2026, already had an agreement with Huayou to take battery materials derived from the Pomalaa plant.

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• [Editor:邢亚敏]