InvestorQ : Why has Vedanta bought Nicomet?
NISHA Nayak made post

Why has Vedanta bought Nicomet?

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Neelam Naik answered.
5 months ago
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Vedanta acquired Goa-based Nicomet, a leading producer of nickel and cobalt in India. Vedanta, now, becomes India’s sole producer of nickel. Nickel is a vital input in stainless steel and batteries for electric vehicles. Cobalt is a key element for lithium-ion batteries for EVs and energy storage systems. Both, Nickel and cobalt are regarded minerals of the future for their renewable content.

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