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| Name | Symbol | Market | Type |
|---|---|---|---|
| MMC Norilsk Nickel PJSC (CE) | USOTC:NILSY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 3.02 | 0.00 | 01:00:00 |
From Jun 2019 to Jun 2024
By Nathan Allen
BASF SE (BAS.XE) said Monday that it will partner with Norilsk Nickel Mining & Metallurgical Co. (GMKN.MZ) to produce batteries for the European market.
The German chemical group said it will build a battery-production plant in Harjavalta, Finland next to Nornickel's nickel-and-cobalt refinery.
The two companies have also signed a long-term supply agreement under which Nornickel will supply nickel and cobalt feedstocks from the refinery.
Production at the plant, which forms part of BASF's 400 million euros ($460.5 million) investment plan for the sector, should begin in late 2020, the company said.
The European Union recently voted to allow state aid for electric-battery research and pledged to fund companies that build battery factories.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
October 22, 2018 03:34 ET (07:34 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
1 Year MMC Norilsk Nickel PJSC (CE) Chart |
1 Month MMC Norilsk Nickel PJSC (CE) Chart |
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