State-owned miner picks 20% in Vale Indonesia to up play in EV battery value chain

State-owned miner picks 20% in Vale Indonesia to up play in EV battery value chain

Photo: Dominik Vanyi/Unsplash

State-owned Mining Industry Indonesia, formerly known as PT Inalum, on late Wednesday finalised plans to buy a 20 per cent stake in PT Vale Indonesia (INCO) Tbk, one of the world’s largest nickel miners, for Rp 5.52 trillion ($ 375.54 million). 

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