As someone once said (Monday, June 28, 2021, 7:20 PM PDT):
Indonesia and Coal
An indigenous battery industry would capture some of the value-added from the country's world-class nickel resource. Elon Musk went to New Caledonia to secure a supply. He should have gone to Indonesia. And maybe built a gigafactory.
As we saw back in April regarding Sulawesi:
Tesla Inc.’s Elon Musk has said nickel is the metal that concerns him most as he looks to scale up battery-cell production, and last year he promised a “giant contract” for miners to encourage production. Without new sources of supply, the robust EV industry could face a critical shortage within a few years.....Capture some of the downstream profits and you have a bit more wiggle room to deal with the coal.
Related: "As Supply Chains Shift, Indonesia Should Get a Serious Look"
And from Dow Jones Newswires via MarketWatch, April 14, 10:42 p.m. ET:
Contemporary Amperex Technology Co. and two state-owned companies in Indonesia plan to jointly develop a $6 billion electric-vehicle battery integration project, capitalizing on the bigger shift by the auto industry toward battery-powered vehicles.
A unit of Shenzhen-listed CATL and Indonesia's PT Aneka Tambang and PT Industri Baterai Indonesia signed an agreement to develop the project in Indonesia's North Maluku province and other parts of the country, the companies said in a joint statement Friday.
The project will focus on nickel mining and processing, battery materials, battery manufacturing, as well as battery recycling, the statement said.
Global auto makers are pumping in billions of dollars to establish EV factories and lithium-ion battery plants, as the demand for electric-powered vehicles gathers pace. Governments all over the world are also giving an increased push toward e-mobility as part of efforts to cut greenhouse gas emissions and meet climate change goals....
....MUCH MORE
