JAKARTA -- Ford Motor has signed a definitive agreement with the Indonesian unit of Brazilian mining giant Vale and Chinese battery materials producer Zhejiang Huayou Cobalt for joint investments in a nickel smelter project in Indonesia.
Automobiles
Ford signs nickel smelter deal with Vale Indonesia, Huayou
Equity investments are part of $4.5bn development of Sulawesi block
Workers monitor operations at a nickel smelter run by Vale in Indonesia's South Sulawesi province on March 30. Vale, Ford Motor and China's Zhejiang Huayou Cobalt have agreed to develop a new smelter in a neighboring region. © Reuters
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