Stellantis is discussing a potential investment in a nickel smelter in Indonesia with Vale and Huayou Cobalt, aiming to secure battery metals for its electric vehicle expansion plans.
Securing investment in Indonesia's nickel supply chain will be a crucial step in Stellantis' â¬50 billion electrification plan, helping the company achieve net zero carbon emissions by 2038.
Tesla has reportedly signed a $5 billion contract to purchase nickel products from Indonesia, while Ford is investing $4.5 billion in a nickel processing facility in Indonesia.
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