A worker with car batteries in a factory for Xinwangda Electric Vehicle Battery in Nanjing, eastern Jiangsu province in March 2021. Photo: Getty Images
A worker with car batteries in a factory for Xinwangda Electric Vehicle Battery in Nanjing, eastern Jiangsu province in March 2021. Photo: Getty Images

Electric vehicles: investors bank on China demand in plan to revive Australian nickel and cobalt refinery

  • A group of local and European investors are putting more than US$1 billion towards reviving a refinery in Australia to capitalise on demand for nickel and cobalt
  • They are talking to electric carmakers, battery producers for potential offtake agreements

A worker with car batteries in a factory for Xinwangda Electric Vehicle Battery in Nanjing, eastern Jiangsu province in March 2021. Photo: Getty Images
A worker with car batteries in a factory for Xinwangda Electric Vehicle Battery in Nanjing, eastern Jiangsu province in March 2021. Photo: Getty Images
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