Germany’s chemical corporation BASF and French miner Eramet are finalising a $2.6 billion deal to process nickel in Indonesia, country officials said. The report comes amidst Indonesia wooing international industry to invest in its resources for use in EV batteries.
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The mining group Eramet and the environmental services group Suez have presented plans to build a recycling factory for electric car batteries in France by 2024. Later, the material extracted there will also be processed on-site.
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Eramet, BASF and SUEZ are jointly promoting the ReLieVe (“Recycling of lithium-ion batteries for electric vehicles”) project. It aims to recycle batteries from electric vehicles and enable the production of new power packs in Europe.
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