Nickel
South Korea’s Sphere Secures $2.4 Billion Foothold in Indonesian Nickel as Global Supply Chain Bifurcates
In a landmark move that signals a deepening integration between high-tech manufacturing and raw material extraction, South Korean materials giant Sphere Corp (KOSDAQ: 347700) has officially acquired a 10% stake in the Excelsior Nickel Cobalt (ENC) project in Indonesia. The deal, announced on January 2, 2026, involves the purchase of