Latest news with #ZhejiangHuayouCobalt
Zawya
18-07-2025
- Business
- Zawya
Lithium output in Zimbabwe could rise with Sandawana mine by 2027
Zimbabwe's lithium sector delivered 2.4 million tons of concentrate in 2024, more than tripling the previous year's output of 745,455 tons. Authorities project 3.26 million tons in 2025, driven by the launch of new mines and strong investment from Chinese companies. Sandawana follows this trend. Kuvimba has partnered with two Chinese firms for the project, which is expected to cost $270 million. Barnard did not name the partners in the latest announcement, but previously mentioned Zhejiang Huayou Cobalt and Tsingshan Holding Group as collaborators in a 2024 interview with Bloomberg. This wave of new lithium projects comes amid rising global demand for the metal, which is essential for energy transition technologies. The International Energy Agency estimates that around 55 new lithium mines will be needed by 2035 to meet demand. Zimbabwe could play a role in closing that supply gap, provided new projects stay on track and output remains strong. For Sandawana, securing funding is the next key step. Kuvimba is continuing talks with its Chinese partners to finalize financing. Despite a prolonged slump in global lithium prices, down about 80% since 2023 due to oversupply, Barnard remains confident that prices will recover by the time Sandawana begins operations. © Copyright The Zimbabwean. All rights reserved. Provided by SyndiGate Media Inc. (
eNCA
30-06-2025
- Business
- eNCA
Indonesia begins $5.9bn EV battery project
JAKARTA - Indonesia broke ground on a $5.9-billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees. Indonesia is the world's largest nickel producer and it is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom of the key metal used in EV batteries and stainless steel. The EV battery project will include a $4.7-billion investment on the eastern island of Halmahera and a $1.2-billion investment in West Java, energy minister Bahlil Lahadalia said in a speech alongside President Prabowo Subianto. "According to my calculation, it won't take long, in probably between five to six years we will be able to reach energy self-sufficiency," Prabowo said at a groundbreaking ceremony in Karawang, West Java. Bahlil said the Halmahera complex will focus on mining, smelting and production of cathodes which are a key component in rechargeable batteries. The West Java complex will focus on battery cell production, the minister said. The two politicians did not say when the megaproject was slated to be operational, but Indonesian officials have said a CATL plant in Halmahera would open in March next year. Alongside CATL, the Halmahera complex is backed by China's Zhejiang Huayou Cobalt and Indonesia's state-owned Antam. Climate Rights International (CRI) and Greenpeace Indonesia this week issued a call for greater assurances from Jakarta that measures were in place to protect the surrounding environment at the bigger complex in eastern Halmahera. Environmental group Mining Advocacy Network (Jatam) said in a statement Saturday that Jakarta was "chasing vague economic growth while consciously ignoring the people's scream" to end damage to the environment and residents' livelihoods. Halmahera, a once-pristine island in the Maluku archipelago, has seen environmental damage increase as operations have grown at a large industrial park that hosts the world's largest nickel mine. A CRI report this month warned the Indonesian government was allowing environmental damage to go unchecked around the Weda Bay mine and the industrial park that hosts it.
Business Recorder
30-06-2025
- Business
- Business Recorder
Indonesia begins $5.9bn EV battery project despite environment fears
JAKARTA: Indonesia broke ground Sunday on a $5.9 billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees. Indonesia is the world's largest nickel producer and it is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom of the key metal used in EV batteries and stainless steel. The EV battery project will include a $4.7 billion investment on the eastern island of Halmahera and a $1.2 billion investment in West Java, energy minister Bahlil Lahadalia said in a speech alongside President Prabowo Subianto. 'According to my calculation, it won't take long, in probably between five to six years we will be able to reach energy self-sufficiency,' Prabowo said at a groundbreaking ceremony in Karawang, West Java. Bahlil said the Halmahera complex will focus on mining, smelting and production of cathodes which are a key component in rechargeable batteries. The West Java complex will focus on battery cell production, the minister said. The two politicians did not say when the megaproject was slated to be operational, but Indonesian officials have said a CATL plant in Halmahera would open in March next year. Alongside CATL, the Halmahera complex is backed by China's Zhejiang Huayou Cobalt and Indonesia's state-owned Antam. Climate Rights International (CRI) and Greenpeace Indonesia this week issued a call for greater assurances from Jakarta that measures were in place to protect the surrounding environment at the bigger complex in eastern Halmahera. Environmental group Mining Advocacy Network (Jatam) said in a statement Saturday that Jakarta was 'chasing vague economic growth while consciously ignoring the people's scream' to end damage to the environment and residents' livelihoods. Halmahera, a once-pristine island in the Maluku archipelago, has seen environmental damage increase as operations have grown at a large industrial park that hosts the world's largest nickel mine. A CRI report this month warned the Indonesian government was allowing environmental damage to go unchecked around the Weda Bay mine and the industrial park that hosts it. An AFP report last month detailed how the home of the nomadic Hongana Manyawa tribe was being eaten away by mining operations there.
Free Malaysia Today
29-06-2025
- Business
- Free Malaysia Today
Indonesia begins US$5.9bil EV battery project despite environmental fears
Halmahera island has seen environmental damage increase as operations have grown at a large industrial park. (AFP pic) JAKARTA : Indonesia broke ground today on a US$5.9 billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees. Indonesia is the world's largest nickel producer and it is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom of the key metal used in EV batteries and stainless steel. The EV battery project will include a US$4.7 billion investment on the eastern island of Halmahera and a US$1.2 billion investment in West Java, energy minister Bahlil Lahadalia said in a speech alongside president Prabowo Subianto. 'According to my calculation, it won't take long, in probably between five to six years we will be able to reach energy self-sufficiency,' Prabowo said at a groundbreaking ceremony in Karawang, West Java. Bahlil said the Halmahera complex will focus on mining, smelting and production of cathodes which are a key component in rechargeable batteries. The West Java complex will focus on battery cell production, the minister said. The two politicians did not say when the megaproject was slated to be operational, but Indonesian officials have said a CATL plant in Halmahera would open in March next year. Alongside CATL, the Halmahera complex is backed by China's Zhejiang Huayou Cobalt and Indonesia's state-owned Antam. Climate Rights International and Greenpeace Indonesia this week issued a call for greater assurances from Jakarta that measures were in place to protect the surrounding environment at the bigger complex in eastern Halmahera. Environmental group Mining Advocacy Network (Jatam) said in a statement Saturday that Jakarta was 'chasing vague economic growth while consciously ignoring the people's scream' to end damage to the environment and residents' livelihoods. Halmahera, a once-pristine island in the Maluku archipelago, has seen environmental damage increase as operations have grown at a large industrial park that hosts the world's largest nickel mine. A CRI report this month warned the Indonesian government was allowing environmental damage to go unchecked around the Weda Bay mine and the industrial park that hosts it. An AFP report last month detailed how the home of the nomadic Hongana Manyawa tribe was being eaten away by mining operations there.
Time of India
29-06-2025
- Business
- Time of India
Indonesia begins $5.9 bn EV battery project despite environment fears
Indonesia broke ground Sunday on a $5.9 billion megaproject for EV battery production backed by Chinese giant CATL, despite NGOs raising concerns over a lack of environmental guarantees. Indonesia is the world's largest nickel producer and it is trying to capitalise on its vast reserves, with a 2020 export ban spurring a domestic industrial boom of the key metal used in EV batteries and stainless steel. The EV battery project will include a $4.7 billion investment on the eastern island of Halmahera and a $1.2 billion investment in West Java, energy minister Bahlil Lahadalia said in a speech alongside President Prabowo Subianto. "According to my calculation, it won't take long, in probably between five to six years we will be able to reach energy self-sufficiency," Prabowo said at a groundbreaking ceremony in Karawang, West Java. Bahlil said the Halmahera complex will focus on mining, smelting and production of cathodes which are a key component in rechargeable batteries. The West Java complex will focus on battery cell production, the minister said. The two politicians did not say when the megaproject was slated to be operational, but Indonesian officials have said a CATL plant in Halmahera would open in March next year. Alongside CATL, the Halmahera complex is backed by China's Zhejiang Huayou Cobalt and Indonesia's state-owned Antam. Climate Rights International (CRI) and Greenpeace Indonesia this week issued a call for greater assurances from Jakarta that measures were in place to protect the surrounding environment at the bigger complex in eastern Halmahera. Environmental group Mining Advocacy Network (Jatam) said in a statement Saturday that Jakarta was "chasing vague economic growth while consciously ignoring the people's scream" to end damage to the environment and residents' livelihoods. Halmahera, a once-pristine island in the Maluku archipelago, has seen environmental damage increase as operations have grown at a large industrial park that hosts the world's largest nickel mine. A CRI report this month warned the Indonesian government was allowing environmental damage to go unchecked around the Weda Bay mine and the industrial park that hosts it. An AFP report last month detailed how the home of the nomadic Hongana Manyawa tribe was being eaten away by mining operations there.
