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China’s CBL to invest $420 million in Indonesian nickel mining and EV battery manufacturing


Chinese EV battery company Ningbo Contemporary Brunp Lygend (CBL) has agreed to invest $420 million in Indonesia’s nickel mining and EV battery manufacturing industries. Coordinating Maritime and Investment Affairs Minister Luhut Binsar Panjaitan said that CBL has partnered with state-owned diversified miner PT Aneka Tambang (Antam) and battery maker PT Industri Baterai Indonesia (IBC). CBL… Read more…

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