China's CNGR Planning US$ 10 Billion Battery Material Plant in Indonesia

INVESTMENT - JAKARTA. Chinese battery material maker CNGR Advanced Material Co is planning to build a plant 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.