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Growth Opportunity

Nickel and battery supply chain expansion

Government incentives to leverage world-class nickel reserves for EV battery production.

Timeframe

2024 to 2030. The ban on raw exports is already in effect, with continuing expansions in battery plants over the next decade.

Markets

Indonesia

Opportunity Areas

Nickel ore processing and refining technology

Battery manufacturing and cathode/anode production

EV supply chain partnerships (assemblers, OEMs)

ESG consulting (ensuring sustainable mining practices)

Interesting for...

Mining/metallurgy equipment suppliers

Electric vehicle manufacturers & battery specialists

Chemical engineering & materials technology firms

Sustainability and ESG certifiers

Indonesia holds some of the world’s largest nickel reserves, a critical component in lithium-ion batteries for electric vehicles.

The government enforces a ban on nickel ore exports to spur domestic processing and aims to attract foreign investors into smelting, refining, and battery manufacturing. Major global EV makers have begun exploring Indonesian joint ventures.

European firms can bring advanced extraction, refining tech, or partner on local battery gigafactories. Additionally, Indonesia’s "Grand Strategy for Mineral Downstreaming" includes heavy R&D incentives for new materials.

The Indonesian Investment Coordinating Board (BKPM) offers tax breaks and simpler licensing to accelerate these projects, aligning with the country’s broader push to become an EV manufacturing hub by 2030.

Silberstein + Partners is helping companies across various different industries to take advantage of this growth opportunity. Get in touch to find out more.