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Ford Teams Up With Chinese, Indonesian Companies in Nickel Venture


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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