Vale Indonesia, China's Huayou sign agreement with Ford for nickel plant
Nickel miner Vale Indonesia, China's Zhejiang Huayou Cobalt and US car maker Ford Motor signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals, Vale said in a statement on Thursday. The companies plan to create a partnership to build a plant to produce 120 000 t/y of mixed hydroxide precipitate, material extracted from nickel ore that would be used in batteries for electric vehicles.