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Chinese Nickel Billionaire Boosts Australian Miner in Indonesia
A little-known Australian company is becoming the Western face of a Chinese nickel behemoth. In under a decade, Nickel Industries Ltd. has gone from a relatively small miner to the world’s sixth-biggest producer of a metal used in products from batteries to stainless steel. Riding a Chinese-led boom in Indonesia’s nickel sector, it owns or has stakes in five plants in the country that churn out more of the commodity than household names like BHP Group Ltd. Behind the company’s success is Tsingshan Holding Group Co., the world’s largest nickel and stainless steelmaker and Nickel Industries’s biggest ... (full story)