Prabowo launches $10.2b nickel downstream projects at Weda Bay
The President launched on Thursday 11 downstream nickel and aluminum projects at the industrial park on Weda Bay in North Maluku, as part of the ongoing drive to turn the country into a major battery manufacturing hub amid the global EV boom.
Indonesia's President Prabowo Subianto inaugurated 11 downstream nickel and aluminum projects at the Weda Bay Industrial Park in North Maluku on Thursday. The $10.2 billion investment aims to transform Indonesia into a major battery manufacturing hub during the global electric vehicle (EV) surge. The park, one of the country's largest nickel processing centers, will produce battery materials, electrolytes, aluminum, electric heavy trucks, and photovoltaic glass.
Four commercial projects, valued at $3.4 billion, are already operational, while seven new plants, worth $6.8 billion, are under construction. These include facilities run by PT Blue Sparking Energy, PT REPT Battero Indonesia, PT Pioneer Aluminum Industries, PT XCMG Indonesia Manufacturing, and several others specializing in nickel processing, battery materials, aluminum production, and electric vehicle manufacturing.
The ceremony also marked the first exports from the industrial park, including battery materials and aluminum products.
Written by urgent.news from The Jakarta Post's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
