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2 clusters · 4 sources · 8 days · First seen · Last updated

Foreign investment in Indonesian battery materials

Overview

International battery and material companies are increasing investments in Indonesia to secure nickel resources and expand production capabilities.

Australian firm Pure Battery Technologies announced a US$350 million investment to construct a precursor cathode active material plant in Central Java’s Batang special economic zone. Scheduled for construction in 2027, the facility aims to utilize Indonesian nickel to establish a full-value-chain for electric-vehicle batteries, including recycling capabilities.

Separately, South Korean company EcoPro BM is investing 765 billion won into the BNSI nickel smelter currently under construction in Sulawesi. The company intends to pivot toward nickel smelting to secure higher profit margins and reduce raw material costs, aiming for the smelting business to contribute significantly to its total operating income by 2030.

Entities

Indonesia · Batang · Korea IR Service · Ahmad Luthfi · Stephen Wilmot

Timeline

  1. 12 days ago

    [BUSINESS] 2 sources
    EcoPro BM to invest 765 billion won in Indonesian nickel smelting

    EcoPro BM is investing 765 billion won in an Indonesian nickel smelter to achieve 20% profit margins and secure raw material supply for its battery materials business by 2030.

  2. 19 days ago

    [BUSINESS] 2 sources
    Pure Battery Technologies to invest $350 million in Batang, Indonesia

    Pure Battery Technologies will invest US$350 million in a battery precursor plant in Batang, Central Java, creating up to 1,000 construction jobs and 200 permanent roles, using Indonesian nickel and focusing on

Sources

biz.heraldcorp.com · halosemarang.id · jatengprov.go.id · news.heraldcorp.com