Germany’s chemical corporation BASF and French miner Eramet are finalising a $2.6 billion deal to process nickel in Indonesia, country officials said. The report comes amidst Indonesia wooing international industry to invest in its resources for use in EV batteries.
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The South Korean battery cell manufacturer SK On is building a nickel supply chain in Indonesia together with two partners. Through a joint venture, the partners want to secure raw materials there and process them into intermediate products. In the end, however, the material could end up in SK On’s US-American battery plants.
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Tesla has signed contracts worth around US$5 billion to buy materials for its batteries from nickel-processing companies in Indonesia, according to a senior Indonesian cabinet minister.
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CATL’s recycling subsidiary Brunp has entered into a partnership with Indonesian companies Antam and IBI. CATL wants to invest the equivalent of almost 5.5 billion euros in the Indonesia. The agreement focuses on nickel mining and processing, battery materials, battery manufacturing and battery recycling.
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Budding British battery cell manufacturer Britishvolt has agreed to set up a joint venture with VKTR, part of the Indonesian conglomerate Bakrie & Brothers. A memorandum of understanding initially provides for the construction of a nickel sulphate plant in Indonesia.
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Volkswagen has concluded two memoranda of understanding with Huayou Cobalt and the Tsingshan Group in China to secure access to essential battery raw materials. The three companies are planning two joint ventures.
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Several state-owned Indonesian companies are planning a joint venture for batteries for electric vehicles. The joint venture, called Indonesia Battery Holding, is to contribute to the development of the entire industry.
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The Indonesian government is planning a series of incentives to increase the uptake of electric vehicles as well as supporting the manufacture of these in the country. Indonesia aspires to become a hub for electric vehicle manufacturing and an exporter.
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An international consortium of renowned e-mobility players plans to build a resource mining plant for lithium-ion batteries on the Indonesian island of Sulawesi. In concrete terms, the project reportedly involves nickel and cobalt. Apparently, Tesla, CATL, LG Chem, Daimler and Volkswagen aim to participate in the consortium.
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