Antam Reaffirms Commitment to Titan EV Battery Project After LGES Withdrawal

Published: Apr 25, 2025 14:27

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PT Aneka Tambang Tbk (ANTM), also known as Antam, recently responded to LG Energy Solution Ltd's (LGES) withdrawal from the integrated EV battery ecosystem in Indonesia, the Titan project. Antam stated that despite changes in partners, the company will continue to firmly support the Titan project as a supplier of nickel-based battery raw materials such as nickel manganese cobalt (NMC), and regard it as an important part of Indonesia's downstream nickel resource strategy. Company Secretary Faisal Alkadrie emphasized that the change of partners will not alter the project's main goal of developing the EV battery supply chain, and added that Antam will closely coordinate with the government to ensure the project continues to advance in line with national policies and development priorities.

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