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The most-traded January iron ore on China’s Dalian Commodity Exchange ended morning trade 1.5% lower at 672.50 yuan ($92.10) a tonne, after touching its weakest since Sept. 2 at 662.50 yuan.
Ford, nickel miner Vale Indonesia and China’s Zhejiang Huayou Cobalt said in July they had signed a non-binding memorandum of cooperation to build a plant in Indonesia to extract nickel chemicals.
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These vehicles are an addition to the existing fleet of Tata Motors’ EVs with the aggregator.
The company’s main manufacturing plant in Kancheepuram, Tamil Nadu, manufactures 400,000 chips every day and these have already been released into the market. Within the next few months, Polymatech aims to attain its full capacity of manufacturing 1 million chips daily (300 million a year), the company said.
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