Wedoany.com Report-Aug. 27, On Tuesday, Indonesia’s sovereign wealth fund, Danantara, announced a partnership with Chinese battery and material recycler GEM to develop a nickel processing hub in Indonesia. The initiative will utilize a portion of Danantara’s $8.3 billion investment funds allocated for 2025. This project marks Danantara’s first venture into Indonesia’s vital nickel sector, leveraging the country’s position as the world’s leading nickel producer to support the growing demand for electric vehicle (EV) battery materials.