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Chiyoda seals $2.7bn deal for Indonesian copper smelting plant

Metal processed in East Java will feed rising demand for EV components

A copper smelter: High-quality copper is a key component in electric vehicles.    © Reuters

TOKYO -- Chiyoda, a Japanese engineering and construction company, has signed an estimated 300 billion yen ($2.7 billion) contract to build a copper smelting plant in Indonesia, the company said on Thursday.  

The contract was awarded by a subsidiary of U.S. mining company Freeport-McMoRan's, and covers all aspects of the project from design to construction. 

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