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Eurasian Resources Group ("ERG" or "The Group"), a leading diversified natural resources group headquartered in Luxembourg, has signed a Memorandum of Understanding (MoU) with Mechema Chemicals International Corp ("Mechema"), a battery raw material producer headquartered in Taiwan, and Marubeni Corporation ("Marubeni"), a major integrated trading and investment business conglomerate headquartered in Japan, to explore a potential transaction involving the supply and refining of cobalt hydroxide, and the sale, distribution and marketing of cobalt sulphate.
Under the MoU, ERG, Mechema and Marubeni will study potential cooperation to develop alternative cobalt supply chain for Japanese market. Specifically, Mechema will conduct a feasibility study into the construction of...
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