Swiss holding company Blackstone Resources has formed a joint venture with a national partner in Indonesia as part of a strategy to expand its presence in the global battery materials market, the company announced Aug. 26.
The partnership will initially involve exporting ore, concentrates and refined products of nickel, copper and other technology metals, progressing to non-ore products later this year.
Export licenses have been secured to initially export nickel ore, one of the main raw materials and increasingly important for batteries, stainless steel and alloys, according to Blackstone Resources.
Blackstone Resources focuses primarily on the battery metals market, in addition to developing and managing refineries used for gold and battery metals. According to the company, it offers direct exposure to the “battery metal revolution” driven by the demand of electric vehicles. These metals include cobalt, manganese, molybdenum, graphite, nickel, copper and lithium.
