Stellantis in Talks With Vale, Huayou Cobalt to Invest in Nickel Smelter, FT Reports

Dow Jones05-14

--Jeep owner Stellantis is in talks with Vale Indonesia and China's Huayou Cobalt to invest in a nickel smelter in Indonesia as the European carmaker seeks to lock in supply of battery raw materials, the Financial Times reports, citing unnamed sources.

--The size of the companies' investment has yet to be determined and Huayou would hold a stake in the project alongside Stellantis and Vale, according to the FT.

--Stellantis, Vale and Huayou didn't immediately respond to requests for comment when approached by Dow Jones Newswires.

Full story: https://shorturl.at/CERT7

Write to Adria Calatayud at adria.calatayud@wsj.com

(END) Dow Jones Newswires

May 14, 2024 04:23 ET (08:23 GMT)

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