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Leverage AI to personalize website content and enhance the user experience ✌️【Stock Market】✌️Start investing with ₹500 and experience up to 100% returns every month!Kiki Barki, whose coal mining riches made him a billionaire, is shifting his Harum Energy’s focus into nickel, which is used to power electric vehicles.
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.
Leverage AI to personalize website content and enhance the user experience ✌️【Stock Market】✌️Small investments, big results! ₹500 can earn you up to 100% in just 30 days.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.Leverage AI to personalize website content and enhance the user experience ✌️【Stock Market】✌️Achieve 100% returns in a month. AI-driven predictions make investing easy and profitable. Start today!
