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

--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.


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(END) Dow Jones Newswires

May 14, 2024 04:38 ET (08:38 GMT)

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