Sovereign Wealth Fund Danantara Invests USD 7 Billion in Six Major Projects
At the start of 2026, Indonesia made a major announcement: the sovereign wealth fund Danantara took the lead, investing USD 7 billion in a single push to simultaneously launch 6 major projects. These six projects are a real-world blueprint for President Prabowo's three main objectives. More importantly, over the past 15 years, China and Indonesia have built a solid foundation for industrial cooperation. From the completion of the Jakarta-Bandung High-Speed Railway to deep involvement in nickel smelting, from infrastructure assistance to industrial co-building, China has been deeply integrated into Indonesia's development path. These 18 downstream projects offer opportunities not only in smelting, refining,
CNGR Group Plans $10.5 Billion Battery Industrial Park in Indonesia
On October 30, according to Indonesian media reports, Chinese battery material manufacturer CNGR Advanced Materials Co., Ltd. plans to build a battery industrial park worth $10.5 billion in Indonesia. Magdalena, an Indonesian director of CNGR Group, stated that the total investment in this industrial park is $10.5 billion, to be developed in three phases. It has been designated as a national strategic project by the Indonesian government, which will provide investment incentives including land. The park requires 3,000 to 5,000 hectares of land, and the project location is still under consideration. The planned park welcomes partners in the battery industry chain to join.
Chinese company obtains Indonesia's first certification for laterite nickel ore processing and smelting
PT Huayue Nickel Cobalt, a subsidiary of Huayou in Indonesia, is a laterite nickel ore processing and refining industrial company in Indonesia. It is the first company to obtain the ISO 37301:2021 certificate through compliance management system audit. This certification was obtained on August 30, 2024, making Huayou the first company in Indonesia's laterite nickel ore processing and refining industry to receive this certification. The audit also evaluated several areas, including corporate governance, export regulations and economic sanctions, anti-bribery and anti-corruption, etc. ISO 37301:2021 is a
US Media: Rising 'Dirty Nickel' Reputation Threatens Indonesia's EV Dream
“Originally harboring dreams of prosperous development for the electric vehicle manufacturing industry, this has instead led to increased coal consumption.” The Wall Street Journal reported on the 4th that Indonesia's ban on raw nickel exports means more smelters will be built domestically, and before the arrival of a more environmentally friendly electric vehicle era, the country may have to first experience a “coal boom.” Nickel is one of the key materials for electric vehicle batteries, and Indonesia accounts for half of the global nickel supply. In recent years, to enhance and optimize the economic benefits of domestic resources, the Indonesian government has adopted a “downstreaming” policy that only allows important metal resources, including nickel, to be exported in refined metal form. In 2020, the government completely banned nickel exports, hoping to attract foreign investment in Indonesia's metal industry, establish a localized industrial system, connect the nickel industry with the electric vehicle industry, and develop its own EV supply chain.