President Joko Widodo showcased the results of his "pride program," in this case the downstreaming of nickel, which has significantly increased the export value of downstream products. The export value of nickel downstream products has soared multiple times, from only 33 trillion IDR to 510 trillion IDR. At the inauguration of the lithium battery anode material factory owned by PT Indonesia BTR New Energy Materials in Kendal, East Java, he stated, as Coordinating Minister Luhut said, that the current nickel export value has reached 34 billion USD, jumping from the previous 33 trillion IDR to approximately 510 trillion IDR. The policy of downstream development by blocking the export of nickel ore products abroad has brought benefits, including the lawsuit from the European Union (EU) to the World Trade Organization (WTO). Although they lost, the country is a sovereign state where national interests come first, and they cannot be dictated by anyone.
Now the most important thing is that Indonesia has started to develop this industry into a large ecosystem for electric vehicles, and the dream of making the EV ecosystem strong and integrated one by one is beginning to come true. Smelters in Morowali, Weda Bay, and other locations have started operating for nickel and its derivatives. The second smelter will start production in August and September at Freeport and Amman Mineral plants in Sumbawa and Gresik. The bauxite project in Mempawah, West Kalimantan is scheduled to begin production trials next month. Once everything is completed, the ecosystem will be established, and they will be able to enter the global supply chain, which will bring significant added value in recruitment, labor, and economic organization. In addition, on Wednesday, July 7, 2024, he inaugurated the lithium battery anode material factory owned by PT Indonesia BTR New Energy Materials in Kendal, East Java. He truly appreciated the speed of construction of this factory. Just 10 months ago they signed a contract in Beijing, and now the factory is ready. This is what is called speed; a fast country will defeat a slow country, and they are now a fast country.
President Joko Widodo showcased the results of his "pride program," in this case the downstreaming of nickel, which has significantly increased the export value of downstream products. The export value of nickel downstream products has soared multiple times, from only 33 trillion IDR to 510 trillion IDR. At the inauguration of the lithium battery anode material factory owned by PT Indonesia BTR New Energy Materials in Kendal, East Java, he stated, as Coordinating Minister Luhut said, that the current nickel export value has reached 34 billion USD, jumping from the previous 33 trillion IDR to approximately 510 trillion IDR. The policy of downstream development by blocking the export of nickel ore products abroad has brought benefits, including the lawsuit from the European Union (EU) to the World Trade Organization (WTO). Although they lost, the country is a sovereign state where national interests come first, and they cannot be dictated by anyone.
Now the most important thing is that Indonesia has started to develop this industry into a large ecosystem for electric vehicles, and the dream of making the EV ecosystem strong and integrated one by one is beginning to come true. Smelters in Morowali, Weda Bay, and other locations have started operating for nickel and its derivatives. The second smelter will start production in August and September at Freeport and Amman Mineral plants in Sumbawa and Gresik. The bauxite project in Mempawah, West Kalimantan is scheduled to begin production trials next month. Once everything is completed, the ecosystem will be established, and they will be able to enter the global supply chain, which will bring significant added value in recruitment, labor, and economic organization. In addition, on Wednesday, July 7, 2024, he inaugurated the lithium battery anode material factory owned by PT Indonesia BTR New Energy Materials in Kendal, East Java. He truly appreciated the speed of construction of this factory. Just 10 months ago they signed a contract in Beijing, and now the factory is ready. This is what is called speed; a fast country will defeat a slow country, and they are now a fast country.