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The company will stop all ongoing evaluation and negotiation activities for the project in Weda Bay.
June 25, 2024
By: DAVID SAVASTANO
Editor, Ink World Magazine
BASF announced that the company will not further evaluate a potential investment in a nickel-cobalt refining complex in Weda Bay, Indonesia. In 2020, BASF and Eramet, a global mining and metallurgical group, signed an agreement to jointly assess the potential of such a project. “After a thorough evaluation, we have concluded that we will not execute the nickel-cobalt refining project in Weda Bay. Since the inception of the project, the global nickel market has changed significantly. In partic...
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