Indonesia's state investment management agency Danantara is considering investing in three high-pressure acid leach (HPAL) smelter projects of PT Vale Indonesia (INCO). These projects are located in Pomalaa, Southeast Sulawesi; Morowali, Central Sulawesi; and Sorowako, South Sulawesi, primarily producing raw materials for electric vehicle batteries. The Pomalaa project has already partnered with Huayou Cobalt and Ford Motor Company, leveraging experience from existing smelters to improve project quality. Vale Indonesia is open to third-party investors, and the company president stated that these HPAL projects are competitive within Indonesia's nickel industry. The company's chief project officer confirmed that preliminary negotiations with Danantara have begun, though the specific investment ratio has not yet been determined. This move will strengthen Indonesia's position in the electric vehicle battery supply chain while attracting more international investors to participate in nickel resource development.