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Chinese nickel investors eye Africa as Indonesia policy bites
CHINESE companies that transformed Indonesia into the world’s dominant nickel producer are scouting African alternatives as rising policy pressure in Jakarta unsettles the investment model that reshaped global supply, reports Reuters. Tsingshan Group, the world’s largest stainless steel producer, has submitted a multi-billion dollar proposal to Madagascar’s government to develop an industrial park covering nickel and a range of other minerals, the newswire said. The concept is modelled on Tsingshan’s Morowali and Weda Bay operations in Indonesia, according to Madagascar’s mines minister Karl Andriamparany, ... (full story)
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- Jun 9, 8:00am | 3 hr ago Posted byFundamental Analysis50
