Nickel revolution has Indonesia chasing battery riches tinged with risk
The new HPAL projects, and the surge of inexpensive metal from a country whose deposits have long been unloved by major producers, could push the market into oversupply.
Shares surged by 15% after the company announced that it is reviewing a number of strategic approaches, marking the latest sign of rampant dealmaking in the sector.
In April, Prime Minister Trudeau said the economic impact of one of the projects would be equal to the value of government investment in less than five years.