Caixin
Jul 13, 2022 08:44 PM
WORLD

Indonesia to Leverage Nickel Reserves for Green Transition, Says Commerce Chief

Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce and Industry, said his country was seeking more investors during the Caixin Summer Summit in Beijing on Saturday. Photo: Caixin
Arsjad Rasjid, chairman of the Indonesian Chamber of Commerce and Industry, said his country was seeking more investors during the Caixin Summer Summit in Beijing on Saturday. Photo: Caixin

Indonesia plans to leverage its abundant nickel reserves to attract investment in local supply chains as it hopes to become a leading country in the global transition to green energy, said the chief of its chamber of commerce and industry.

The resource-rich Southeast Asian nation is especially focused on nickel’s application in ternary lithium batteries, the key power source for electric vehicles (EVs). The latter is a nascent sector in Indonesia, but one that is in the limelight after President Joko Widodo attended the launch of the first locally made electric car in March.

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