Eramet and BASF Cancel Indonesia Nickel-Cobalt Plant Plan, Citing Sufficient Battery-Grade Nickel Supply
Recently, France's Eramet and Germany's chemical producer BASF canceled their plan to develop a $2.6 billion nickel-cobalt refinery in Indonesia, citing that the supply of battery-grade nickel is already sufficient. Western refineries also have to compete with Chinese refineries, which dominate Indonesia's nickel processing market and operate at lower costs.
![[SMM Analysis] Market transactions were sluggish, with MHP and nickel matte payables fluctuating at highs this week.](https://imgqn.smm.cn/usercenter/UruWE20251217171732.jpg)
![[SMM Analysis] Mid-Month Market Transactions Sluggish, Nickel Salt Prices Slightly Declined This Week](https://imgqn.smm.cn/usercenter/CjEnN20251217171733.jpg)
