Eramet has announced its decision, and that of BASF, not to invest in a joint nickel and cobalt refining plant in Weda Bay, Indonesia, following an in-depth assessment, including the project's execution strategy.

The project was the subject of a potential assessment agreement signed between the two groups in 2020. However, Eramet will continue to evaluate potential investments in the nickel batteries value chain for electric vehicles in Indonesia.

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