South Korea’s **Sphere Corp** has launched commercial-scale production of **nickel cathodes** and **mixed hydroxide precipitate (MHP)** at its smelter in Indonesia. The facility supports battery precursor manufacturing, leveraging Indonesia’s abundant nickel resources. This marks a key step in Sphere’s expansion into high-purity cathode materials for the global EV supply chain.
Sphere is expanding its aerospace and nickel operations through long-term supply deals with a global aerospace client and its Indonesian nickel smelting unit. The company’s sales growth is expected to accelerate in 2026 as these contracts take effect. Shinhan Investment Corp. highlights these developments as key drivers for the company’s future performance.
South Korea’s Sphere Corp acquires a 10% stake in Australia’s Nickel Industries’ Excelsior Nickel Cobalt high-pressure acid leach plant in Indonesia, valued at $2.4 billion. The deal includes an offtake agreement for Sphere’s share of nickel production. Nickel Industries operates the project under a joint venture structure in Indonesia.
Sphere Corporation secures a **$1 billion supply contract** with SpaceX to provide aerospace-grade special alloys. The Korean supply chain management firm specializes in high-performance materials for aerospace applications. The deal marks a significant expansion of Sphere’s role in supporting SpaceX’s production needs.
