Merdeka Battery Gets $1.4 Billion Loan for New Nickel Plant
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 25 2025
0mins
Source: Bloomberg
Loan for Nickel Plant Construction: A nickel producer has secured a $1.4 billion loan to build a high-pressure acid leach plant on Sulawesi island, aimed at producing nickel and cobalt chemicals for EV batteries.
Industry Context and Project Details: The project, managed by a subsidiary of China’s Merdeka Battery, comes amid weak nickel prices and tight ore supply in Indonesia, with an investment total of $1.8 billion and a construction timeline of 18 months.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
