BASF-Eramet Says Leave from IDR 42 Trillion Project in North Maluku, Several Reasons Arise

Audio BeritaPlease note that this article was automatically translated using Microsoft Azure AI, Open AI, and Google Translation AI. We cannot ensure that the entire content is translated accurately. If you spot any errors or inconsistencies, contact us atAerial photo of a nickel smelter using high pressure acid leaching technology in the Harita Nickel group nickel mining and processing industry area on Obi Island, South Halmahera, North Maluku, Saturday .

"We, the government, regret this decision. However, from a business perspective, the reason is quite reasonable."Don't let the company not be able to with those that have and will come," said Seto when contacted from Ambon, Maluku, Wednesday . The implementation of the Sonic Bay Project in the Teluk Weda Industrial Zone is one of the strategic investments in Indonesia. In April 2023, President Joko Widodo held a meeting with the Chief Executive Officer of BASF 2018-2024, Martin Brudermuller, in Germany to discuss the plan. The meeting was also attended by executives from Eramet and Volkswagen.

BASF's battery business line is now focusing on trading and manufacturing battery precursors. This is important considering the market demand for crucial components of electric batteries such as cathode precursors is continually growing. Indonesia is considered to still have the opportunity to seize this opportunity.One of the electric motorcycle batteries is seen at the Energy and Mineral Resources Ministry's Large Survey and Electrical Testing Hall in Jakarta on Thursday .

The possession of the world's largest nickel reserve does not automatically make Indonesia attractive and able to become a key player in the world battery industry. Downstream processing needs to consider the direction of the global industry.However, it is not just about market changes, the withdrawal of these two European companies is also suspected to be due to the failure to meet strict environmental standards in nickel mining and processing practices.

Indonesia Berita Terbaru, Indonesia Berita utama

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