China’s GEM Seals Nickel Deal with Indonesia’s SWF Danantara

China’s battery materials giant GEM has signed a head of agreement with Indonesia’s sovereign wealth fund Danantara to build a nickel and recycling hub.
Exterior of the headquarters of Indonesia's new Danantara investment fund in Jakarata. China’s battery materials giant GEM has signed a head of agreement with Indonesia’s sovereign wealth fund Danantara to build a nickel and recycling hub. (Photo: Bay ISMOYO / AFP)

China’s battery materials giant GEM has signed a head of agreement with Indonesia’s sovereign wealth fund Danantara to build a nickel and recycling hub.

The agreement, confirmed by Danantara investment chief Pandu Sjahrir on Tuesday, marks the fund’s first step into the nickel sector.

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by Edwin Shri Bimo

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