Indonesia plans to build nickel-related upstream and downstream industries to encourage investors from other countries

SMM6 March 9: recently, the Indonesian Ministry of Maritime and Investment Coordination is preparing to establish upstream and downstream industries in Indonesia to attract Indonesian investment and prepare for the idea of Indonesian economic recovery.

Luhut Binsar Pandjaitan, minister of maritime affairs and investment coordination, said one of the government's priority industries was the development of lithium batteries, which use raw Indonesian minerals rich in nickel and cobalt, the two main materials for electric vehicle batteries.

According to him, the Philippines ranks second only to Indonesia in the number of nickel deposits, which is expected to be used up in the next two years.

As a result, Indonesia will become the first choice for countries investing in lithium battery development. He believes that compared with Asian countries such as Malaysia, the Philippines and Vietnam, Indonesia has sufficient mineral resources as industrial raw materials.

Industrial development from upstream to downstream will add value to Indonesia, and Coordination Minister Luhut said the government will open up investment to other countries that may bring returns to Indonesia. "Indonesia will give priority to investors who want to help Indonesia add value in managing mineral resources."

2020 China Ni-Cr stainless Steel Industry Market and Application Development Forum

Scan the QR code, apply for participation or join the SMM metal exchange group