President Joko Widodo stated that the nickel downstream projects have successfully driven a substantial increase in export value. Indonesia's downstream nickel export value has soared from the previous IDR 33 trillion to IDR 510 trillion. As Coordinating Minister Luhut said, Indonesia's nickel export value is now USD 34 billion, leaping from IDR 33 trillion to approximately IDR 510 trillion. Jokowi stated that the downstream policy of stopping nickel ore exports has both pros and cons, and Indonesia was even sued by the European Union (EU) at the World Trade Organization (WTO). Although they lost, Indonesia is a sovereign country, and national interests come before everything else; they cannot follow anyone's orders. Most importantly, Indonesia has now started to develop this industry into a large electric vehicle (EV) ecosystem, and the dream of building a strong, integrated EV ecosystem is beginning to come true one by one. Nickel smelters and their derivative products in Morowali, Weda Bay, and other locations have started operations. Smelters of Freeport and Amman Mineral in Sumbawa and Gresik will also begin production in August and September.
The bauxite project in Mempawah, West Kalimantan (Kalbar), is scheduled to start production trials next month. If everything is completed, the ecosystem will be established, and Indonesia will be able to enter the global supply chain, which will provide enormous added value for recruitment, employment, and economic growth. In addition, on July 7, 2024, President Joko Widodo inaugurated the lithium battery anode material factory of PT Indonesia BTR New Energy Material in Kendal, East Java. He appreciated the speed of the factory construction. Just 10 months ago, they signed an agreement in Beijing, and now the factory is ready. This is what is called speed; fast countries will defeat slow countries, and Indonesia is now a fast country.
President Joko Widodo stated that the nickel downstream projects have successfully driven a substantial increase in export value. Indonesia's downstream nickel export value has soared from the previous IDR 33 trillion to IDR 510 trillion. As Coordinating Minister Luhut said, Indonesia's nickel export value is now USD 34 billion, leaping from IDR 33 trillion to approximately IDR 510 trillion. Jokowi stated that the downstream policy of stopping nickel ore exports has both pros and cons, and Indonesia was even sued by the European Union (EU) at the World Trade Organization (WTO). Although they lost, Indonesia is a sovereign country, and national interests come before everything else; they cannot follow anyone's orders. Most importantly, Indonesia has now started to develop this industry into a large electric vehicle (EV) ecosystem, and the dream of building a strong, integrated EV ecosystem is beginning to come true one by one. Nickel smelters and their derivative products in Morowali, Weda Bay, and other locations have started operations. Smelters of Freeport and Amman Mineral in Sumbawa and Gresik will also begin production in August and September.
The bauxite project in Mempawah, West Kalimantan (Kalbar), is scheduled to start production trials next month. If everything is completed, the ecosystem will be established, and Indonesia will be able to enter the global supply chain, which will provide enormous added value for recruitment, employment, and economic growth. In addition, on July 7, 2024, President Joko Widodo inaugurated the lithium battery anode material factory of PT Indonesia BTR New Energy Material in Kendal, East Java. He appreciated the speed of the factory construction. Just 10 months ago, they signed an agreement in Beijing, and now the factory is ready. This is what is called speed; fast countries will defeat slow countries, and Indonesia is now a fast country.