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Indonesia's Merdeka Battery to build $1.8 billion nickel HPAL plant

Wednesday, February 26, 2025, 14:59 GMT+7

Indonesia's Merdeka Battery to build $1.8 billion nickel HPAL plant — A worker watches as trucks load up raw nickel near Sorowako, Indonesia's Sulawesi island, January 8, 2014. Photo: Reuters

Indonesian nickel company PT Merdeka Battery Materials said it has signed definitive agreements with strategic partners to build a $1.8 billion high-pressure acid leach plant to produce nickel materials used in EV batteries.

The HPAL plant will have a 90,000 metric tons annual capacity, Merdeka said in a statement on Monday. Construction for the project started in January and the plant is expected to reach the commissioning stage within 18 months, the company added.

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