Chinese battery firms team up for $700m nickel joint venture in Indonesia

Chinese battery firms team up for $700m nickel joint venture in Indonesia

A worker watches as trucks load up raw nickel near Sorowako, Indonesia's Sulawesi island, January 8, 2014. REUTERS/Yusuf Ahmad/File Photo

Chinese battery firm GEM Co Ltd on Friday said it was teaming up with four companies to invest a total of $700 million in a project to produce battery-grade nickel chemicals in Indonesia.

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