Indonesian nickel giant Vale digs deeper into battery-grade nickel
World’s second-largest nickel miner is investing US$9 billion to make EV battery materials even as iron-based packs go mainstream
Add BT as a preferred source
[SOUTH SULAWESI] Nickel giant Vale Indonesia is pressing ahead with a multibillion-dollar pivot into battery-grade nickel, betting that demand for nickel-based electric vehicle (EV) batteries will remain resilient even as lithium ironphosphate (LFP) batteries gain ground globally.
The strategy reflects the company’s view that nickel-rich batteries – prized for their higher energy density – will continue co-existing with LFP, particularly in higher-performance vehicles, vice-president director Abu Ashar told The Business Times.
“We are optimistic that nickel-based batteries will remain in demand because of their durability and longer cycle life,” he said, adding that several major manufacturers, including Chinese carmaker BYD, continue to use them alongside LFP batteries.
TRENDING NOW
Abandoned ‘Titanic’, failing ‘ancient towns’: Why China’s tourism boom leaves white elephants behind
Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein
Singapore to establish over-the-counter gold clearing system, central bank vaulting by end-2026
Singapore public sector commands highest AI salary premium as job postings surge: PwC study
