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CATL-backed nickel producer PT Merdeka Battery Materials surged on its first day of trading on the Indonesia Stock Exchange as the country’s battery hub plans continue to attract interest.
RKEF smelters
The initial public offering for the Merdeka Copper Gold subsidiary raised Rp9.24 trillion (US$622.12 million).
It was priced at Rp795 per share and saw a total of 11.
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