Minister of Energy and Mineral Resources Bahlil Lahadalia said on Tuesday that the project is backed by investment from China’s Contemporary Amperex Technology Co. Limited (CATL).
The facility will integrate multiple components, including mining operations, a smelter, high-pressure acid leach (HPAL) processing, and production of precursors and cathodes.
“This will be the first project of its kind and scale in the world,” Lahadalia claimed, adding that the total investment is estimated at around US$6 billion.
With this fully integrated system, he expressed confidence that EV battery production costs in Indonesia will be significantly reduced.
The initiative is one of 18 downstream industrial projects — valued at nearly US$45 billion — that are set to be developed in Indonesia. Other projects include those focused on nickel, bauxite, oil refining, energy storage, coal gasification (DME), as well as fisheries, agriculture, and forestry sectors.
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Translator: Putu Indah Savitri, Yashinta Difa
Editor: Anton Santoso
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