EcoPro Acquires Stake in Indonesian Nickel Smelter, Securing Supply for 1.5M EVs

According to Yonhapinfomax, EcoPro BM acquired a stake in Indonesia's BNSI (Bahodopi Nickel Smelting Indonesia) nickel smelter on July 12, with the EcoPro Group investing 1.5 trillion Korean won in the second phase of the project. The investment brings the group's total annual nickel supply capacity to 65,000 tons, sufficient to support production of approximately 1.5 million electric vehicles.

The BNSI smelter, located in Sulawesi, is a joint venture with state-owned mining company PT Vale Indonesia and other global enterprises, with EcoPro Group as the lead shareholder. The secured nickel supply will be processed through the group's cathode material facility in Debrecen, Hungary, positioning the company to comply with European Union regulations including the Critical Raw Materials Act (CRMA) and EU-UK trade agreements.