【SMM Nickel Market】Indonesia’s sovereign wealth fund Danantara has signed a deal with China’s GEM to build a green nickel processing hub, drawing from US$8.3 billion available for 2025 investment. The project, involving PT Vale Indonesia, South Korea’s EcoPro, and Merdeka Copper Gold, will focus on sustainable operations and net-zero targets. Danantara, managing 135 trillion rupiah this year, partly financed by “Patriot Bonds,” sees this as its first major step into Indonesia’s critical nickel sector, reinforcing the country’s role as the world’s top nickel supplier for EV batteries.