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Ford Teams Up With Chinese, Indonesian Companies in Nickel Venture

Jack TAYLOR / AFP

The Ford Motor Company is teaming up with Indonesia’s PT Vale and Chinese mining giant Zhejiang Huayou Cobalt to buy the Pomalaa nickel processing plant in Indonesia.

The $4.5 billion venture deepens the U.S.-automaker’s stake in the battery metal supply chain in a bid to lock in supplies of key resources, including cobalt, graphite and lithium, among other metals.

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