The Bomala nickel processing project, which is a tripartite cooperation between Huayou Cobalt, Vale Indonesia, and Ford Motor, has made significant progress, and the project construction is expected to accelerate its landing. Huayou Cobalt Industry announced last night that the feasibility study report for the aforementioned project has been officially released. According to the feasibility study report, the total investment amount of the project is determined to be approximately 3.842 billion US dollars, and it will achieve an annual production capacity of 120000 tons (nickel metal content) of nickel cobalt hydroxide products.