Indonesia Pursues Critical Mineral Supply Chain With Latin America

Indonesia is set to strengthen its cooperation with Latin American countries to build a global supply chain for critical minerals, such as nickel, amid the rising demand driven by the expansion of the electric vehicle (EV) industry. This strategy aims to maximize Indonesia's abundant nickel resources and solidify its position as a key player in EV battery manufacturing. Latin American countries also possess diverse mineral resources, and cooperation between the two regions is expected to contribute to building a more resilient and stable supply chain by reducing dependence on specific nations. Indonesia is actively working to enhance its nickel refining capacity and attract EV battery factories. Through cooperation with Latin America, it seeks to strengthen its competitiveness across the entire value chain by ensuring a stable supply of raw materials and sharing processing technologies. This move is also significant from a geopolitical perspective. Diversifying the critical mineral supply chain is a strategy being closely watched by many countries to address rising resource nationalism and geopolitical risks. The cooperation between Indonesia and Latin American countries holds the potential to become a new model for international cooperation in tackling these challenges. Source: Antara News (English)