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Commodities

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.  

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