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Chiyoda lands $2.7B contract for new copper smelter in Indonesia

Green Car Congress

billion engineering, procurement and construction (EPC) contract by PT Freeport Indonesia (PTFI)—a mineral mining company affiliate of US-based Freeport-McMoRan (FCX) and MIND ID Indonesia’s Mining Industry—for a copper smelter in Gresik, East Java, Indonesia. Japan-based Chiyoda Corporation has been awarded a $2.7-billion

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State-owned Indonesia Battery Holding to help build integrated EV industry in Indonesia; role of nickel

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In Indonesia, state miners MIND ID (Mining Industry Indonesia) and Aneka Tambang (ANTAM); state utility Perusahan Listrik Negara (PLN); and state oil company Pertamina have agreed to form a new venture: Indonesia Battery Holding.

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Hyundai expands EV investment to parts and chips

Teslarati

Hyundai Mobis expanded its electric vehicle (EV) investments to auto parts and chips. Hyundai Mobis is Hyundai Motor Group and South Korea’s leading auto parts maker. Mitchell Yun, from Mobis Ventures Silicon Valley, announced that Hyundai Mobis would expand EV investments in auto parts this year.

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Ford, VW & China seek deal with Indonesia for EV battery materials

Teslarati

Indonesia is a prime candidate for building an EV battery ecosystem, considering it has one of the largest nickel reserves in the world. In 2022, Indonesia announced its aim to develop an integrated electric vehicle supply chain. In 2022, Indonesia announced its aim to develop an integrated electric vehicle supply chain.

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Hyundai Motor Group and LG Energy Solution begin construction of EV battery cell plant in Indonesia; 10 GWh to start

Green Car Congress

Hyundai Motor Group and LG Energy Solution have begun construction of an electric vehicle (EV) battery cell plant in Indonesia to secure leadership in the global battery electric vehicle (BEV) market. The plant is a part of these efforts. Furthermore, we expect Indonesia to play a key role in the ASEAN EV market.

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Indonesia converted 10 motorcycles to electric under pilot project

Electric Vehicles India

Indonesia converted 10 motorcycles to electric under pilot project . Indonesia has launched a pilot project to convert combustion engine motorcycles into electric vehicles as part of its national drive to make the transportation more eco-friendly said the energy ministry. Many companies disclosed their investment in the country.

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Cobalt Institute: cobalt market weakened since 2022 peak, but in longer term, demand will outpace supply

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This dynamic will likely remain through to 2024, the report says, as a plentiful and growing supply surplus maintains pressure on prices. However, in the longer term, demand for cobalt will outpace supply, lifting prices and supporting a new wave of supply side investment.

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