Indonesia's nickel downstream projects boost export value sharply

President Joko said that downstream nickel projects have been successful in contributing to a significant increase in the value of exports, with the value of Indonesia's downstream nickel exports having soared to Rp 510 trillion from Rp 33 trillion previously.As Coordinating Minister Luhut said, Indonesia's nickel exports are now valued at US$34 billion, jumping to about Rp 510 trillion from the previous Rp 33 trillion. Joko said the downstream policy of halting nickel ore exports had both pros and cons, and Indonesia was even sued by the European Union (EU) at the World Trade Organization (WTO). Although they lost. But Indonesia is a sovereign state, national interest is everything, they can not listen to anyone. Most importantly, Indonesia has now begun to develop the industry into a large electric vehicle (EV) ecosystem, and the dream of creating a strong, integrated EV ecosystem is beginning to come true one by one. Nickel smelters and their derivatives at Morowali, Weda Bay and other locations have begun operations, and smelters at Freeport and Amman Mining Company on Sumbawa and Gresik are set to begin production in August and September.

The bauxite mine in Mempawah (Kalbar), West Kalimantan, is scheduled to start production trials next month. If everything is done, the ecosystem will be established and Indonesia will be able to enter the global supply chain, which will provide great added value in terms of recruitment, employment and economic growth. Also on 7/7/2024, President Joko inaugurated PT Indonesia BTR New Energy Material's lithium battery anode material plant in Kendal, East Java. He appreciated the speed of the construction of this plant, just 10 months ago they signed the agreement in Beijing and after that the plant is ready. It is called speed, the fast country will beat the slow country and Indonesia is now a fast country.