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Australia, Indonesia should team up for battery supply chains, ACEN CEO says – ET Auto

Baua Electric

New Delhi: Top lithium producer Australia and major nickel suppliers Indonesia and the Philippines could team up to develop regional battery storage systems, the head of Philippine energy firm ACEN said on Monday.

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Indonesia launches first EV battery plant – ET Auto

Baua Electric

“But now with smelters being built, with the electric vehicle battery cell being built, we will become an important global player in the global supply chain for electric vehicles.” billion electric vehicle battery deal signed between Indonesia and LG in 2020. ” The plant is part of a USD 9.8

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Aluminium, nickel hit multi-month lows on supply pressure – ET Auto

Baua Electric

“Nickel is under pressure due to weak demand amid the ongoing destocking in the battery market and strong supply from Indonesia,” said ANZ’s Kumari. a ton on Wednesday, hovering near the 24-year high of USD 65.07, suggesting abundant near-term supply. LME copper eased 0.1% to USD 9,625 a ton, zinc fell 0.7%

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Ford secures nickel supplies with $4.5 billion investment

Teslarati

Ford has announced that it has partnered with two other entities to construct a nickel processing facility in Indonesia. Besides the massive retooling effort that has taken the auto industry by storm over the past two years, the search for raw materials for EV batteries has become a growing priority for automakers.

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Indonesia’s massive metals build-out is felling the forest for batteries – ET Auto

Baua Electric

Indonesia aims to dominate the world’s nickel supply, and it’s succeeding. Last year, the country was responsible for more than half the supply of nickel ore globally. Indonesia has the largest reserves of nickel in the world. Until recently, it mostly sold its nickel deposits – ore – raw.

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Indonesian official says current nickel price will benefit miners, smelters – ET Auto

Baua Electric

Most investment in nickel processing in Indonesia is for nickel pig iron (NPI), the main feedstock for stainless steel, but the government wants to develop local production of batteries and EVs. The contract had surged in 2022 to a record high above USD 100,000 after expectations of reduced supplies from major producer Russia.

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Volvo Trucks enters LNG truck segment in India, fuel technology ‘first step’ towards its 2040 carbon neutrality target – ET Auto

Baua Electric

With the country’s commercial vehicle (CV) industry gradually adding LNG (Liquified Natural Gas) to its fuel portfolio, the Swedish truck maker has made an entry into this segment, with a 42-tonner FM420 LNG. A batch of 20 trucks has been delivered to logistics company Delhivery. And, we’re also growing in the domestic market.

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