Indonesia's downstream nickel exports soar to Rp 510 trillion

President Joko demonstrated the results of his "Pride Project", in this case the downstreaming of nickel, where the value of downstream exports increased dramatically. The value of nickel downstream exports soared several times, from only 33 trillion rupiah to 510 trillion rupiah.Speaking at the inauguration of a lithium battery anode materials factory owned by PT Indonesia BTR New Energy Materials in Kendal, East Java, he said that as Coordinating Minister Luhut said, the value of nickel exports has now reached US$34 billion, jumping to about Rp 510 trillion from the previous Rp 33 trillion. His policy of downstream development by blocking the export of nickel minerals from abroad has paid off, including a lawsuit by the European Union (EU) against the World Trade Organization (WTO). Although they lost, this country is a sovereign nation where national interest is everything and they cannot be dictated by anyone.

The most important thing now is that Indonesia has begun to develop the industry into a large ecosystem for electric vehicles, and the dream of making the EV ecosystem strong and integrated on a case-by-case basis is beginning to come true. Smelters of nickel and its derivatives at Morowoli, Weda Bay and other locations are already in operation. A second smelter will produce in August and September at the Freeport and Amman mineral plants in Sumbawa and Gresik. bauxite mines in Mempawah West Kalimantan are scheduled to begin production trials next month. If everything is completed, the ecosystem will be established and they will be able to access the global supply chain, which will provide great added value for recruitment, labor and economic organizations. In addition he inaugurated the Lithium Battery Anode Material Factory owned by PT Indonesia BTR New Energy Materials on Wednesday, July 7, 2024 in Kendall, East Java. He really appreciated the speed of construction of this factory. Just 10 months ago they signed the contract in Beijing and now the factory is ready. It's called speed, a fast country will beat a slow country and they are a fast country now.