China's CNGR planning $10 bln battery material facility in Indonesia
Chinese battery material maker CNGR Advanced Material Co. is planning to build an integrated production facility worth $10 billion in nickel-rich Indonesia, a local official for the company said on Wednesday.
The investment will take place over 10 to 15 years and the company is looking for a suitable location for the plant, Magdalena Veronika, a director at CNGR Indonesia told reporters.
