Vale's (NYSE:VALE) Indonesia unit and Chinese battery metal producer GEM Co. signed an agreement to build a $1.42B nickel plant in the Southeast Asian country, Bloomberg reported Monday.

GEM Co., a Chinese battery-metal producer, and Vale SA’s Indonesian unit signed an agreement to build a $1.42 billion nickel ...

It also shows the China-Brazil iron ore trade has evolved from simple commerce to a laboratory for maritime innovation.

Vale and China's Central South University have opened a joint laboratory for low-carbon and hydrogen metallurgy in Changsha, China's Hunan province. “Established with a donation of $5.81 million ...

(Bloomberg) -- GEM Co., a Chinese battery-metal producer, and Vale SA’s Indonesian unit signed ... firms in connection with a state visit to China by Indonesia’s new president, Prabowo Subianto.