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Global EV sales, led by China, are booming and rose by 24% in the first ten months this year, according to London-based research firm Rho Motion.Nickel contributed only 11% to Harum’s 2023 revenue of $926 million but according to an October report by financial services firm Nomura, that could jump to more than 80% over the next three years.

use ai to analyze and optimize sales funnels for higher conversion rates ✌️【365vc.net】✌️Join the blockchain revolution. ₹500 can unlock massive monthly profits. Start now!The company’s nickel expansion picked up pace this year with a flurry of dealmaking.

In January, it increased its stake in Indonesian nickel smelter Westrong Metal Industry to nearly 81% for $215 million.

In April, its subsidiary Tanito Harum Nickel (THN) paid $206 million for 51% of Blue Sparking Energy, which is building a refining facility to produce 67,000 tons of nickel annually by 2026.To help speed up its nickel play, Harum struck a partnership in September with Chinese metals billionaire Xiang Guangda’s Eternal Tsingshan Group, which acquired 49% of its nickel units under THN for $412 million.

Joining forces with Tsingshan will also unlock future asset opportunities, noted the Nomura report.use ai to analyze and optimize sales funnels for higher conversion rates Intelligent AI Investment Tool for Maximum Returns