CIIC Invests $70 Million in Mining Steel Ball Plant

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In September 2025, Chilean steelmaker Elecmetal and China's Dragon GroupThrough the joint venture company PT Elecmetal Longteng Indonesia, invested US$70 million in a mining steel ball production base in Batang, Central Java.The program isFirst major investment project after the signing of the Indonesia-Chile Comprehensive Economic Partnership Agreement (CEPA)The

projectThe $40 million fund is for fixed assets and $30 million is for working capital;Chile's Elecmetal and China's Longteng each hold 50%; plans to produce high-quality mining steel balls (grinding balls) to serve the global mining market.The Ambassador of Chile to Indonesia noted that the project reflects the complementary advantages of the resources of the two countries.Chile has the world's largest lithium reserves and Indonesia is a major producer of nickel, cooperation will be strongEnhancing the position of both parties in the EV supply chainThe

Chilean president to visit Indonesia in 2025, further deepening bilateral cooperation. The project is expected toUpgrading Technology and Creating Jobs in Indonesia's Metallurgical Industry ChainThe

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