Thursday, September 28, 2023

Indonesia is considering a partnership with Argentina to produce lithium batteries

The Indonesian Chamber of Commerce and Industry (Kadin) said it could explore the possibility of partnering with Argentina in the production of lithium batteries for electric vehicles.

In this sense, Sinta W. Kamdani, Deputy Coordinator for Maritime Affairs, Investments and Foreign Affairs of Kadin, said that the country Argentina, Chile and Peru have a great opportunity for cooperation due to the large deposits of mineral resources that they host and possess sees key to the production of batteries for electric vehicles.

“This means Indonesia can import minerals from these countries to increase the supply of raw materials for the production of electric vehicles because they have the resources but not the factories,” Sinta said at an Indonesian-Latin American press conference. American and Caribbean Business Forum (INA-LAC) in Jakarta on Monday.

According to the findings, the condition will benefit Indonesia as a global electric vehicle manufacturer and ease pressure on its critical mineral reserves. At the same time, there will be benefits in Latin America through the influx of investments and the possibility of integrating the region into a production value chain with the company Indonesia Battery Corporation (IBC), created for the industrial development and production of batteries vehicles. electrical -.

For his part, Umar Hadi, Director General for America and Europe of the Indonesian Ministry of Foreign Affairs, emphasized: “These countries are rich in mineral resources such as lithium and copper, which are abundant there, so it is becoming more and more.” For us, it is important with the regions of Latin America and the Caribbean to work together to ensure supply chains.”

Nation World News Desk
Nation World News Desk
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