- Hanwa Nickel and Cobalt Project secures critical mineral supplies.
- International partners target commercial production from 2027.
The Hanwa Co., Ltd has confirmed its participation in the Hanwa Nickel and Cobalt Project, a new international initiative focused on producing nickel and cobalt mixed hydroxide in Indonesia. Commercial production is scheduled to begin in 2027 through PT. Teluk Metals Industry. The investment is intended to strengthen the long-term availability of critical minerals required for products such as electric vehicle (EV) drive batteries while supporting a resilient global supply chain for future battery manufacturing.
International Partnership to Expand Critical Mineral Production
The project brings together multiple organizations with expertise across Mining vehicles, material processing, investment, and commercial distribution. In addition to Hanwa, participating companies include Nickel Industries Limited, an Australian mine development company; LS MnM Inc., a Japan-Korea consortium supported by undisclosed strategic partners connected to EV supply chains; and Sumber International Investment Pte. Ltd., a Singapore-based investment company. Together, the partners aim to establish a stable production platform for nickel and cobalt mixed hydroxide.
Integrated Value Chain Strategy
The collaboration is designed to cover the complete value chain associated with critical mineral production. It extends from upstream activities such as ore mining through material manufacturing and continues to downstream demand centers and commercial distribution networks. By participating in this integrated international business, Hanwa seeks to enhance the reliability of critical mineral supplies that support the expanding electric vehicle industry and other applications requiring battery-grade nickel and cobalt materials.
Project Overview
The initiative represents a coordinated international effort that combines mining resources, manufacturing capabilities, strategic investment, and market access. Production of nickel and cobalt mixed hydroxide is expected to commence in 2027, supporting the growing demand for essential battery materials used in EV drive batteries while reinforcing long-term supply chain stability.
Project Highlights
| Category | Details |
|---|---|
| Location | Indonesia |
| Production Start | 2027 |
| Output | Nickel and cobalt mixed hydroxide |
| Primary Objective | Stable supply of critical minerals for EV batteries |
Frequently Asked Questions
What is the Hanwa Nickel and Cobalt Project?
The Hanwa Nickel and Cobalt Project is an international collaboration to produce nickel and cobalt mixed hydroxide in Indonesia beginning in 2027 for battery material applications. The project combines Mining vehicles, material Manufacturing & Production, investment, and commercial distribution capabilities across multiple international partners to improve the long-term availability of critical minerals required for electric vehicle drive batteries and related industries.
Why is this project important for electric vehicle batteries?
The project aims to secure a dependable supply of nickel and cobalt, two important materials widely used in EV drive battery production and future electrification initiatives. By integrating upstream mining with downstream manufacturing and distribution, the participating companies seek to strengthen supply chain resilience, reduce supply uncertainty, and support growing global demand for critical battery materials as electric vehicle adoption continues to expand.
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