Column: Electric dreams turn into a nightmare for battery metals
A sector that was once racing to build new supply has been closing mines and deferring projects as low prices bite into the cost curve.
Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming US visit, a Minister said on Monday, as the Southeast Asian country seeks to accelerate development of its nickel industry to supply batteries for electric vehicles.
Representatives of Musk’s EV maker Tesla were currently in Indonesia and due to visit the nickel production hub of Morawali on Sulawesi island, Coordinating Minister of Investment and Maritime Affairs Luhut Binsar Pandjaitan said.
“They will visit Morowali… They are very satisfied with the data they have received so far,” Luhut told a streamed media briefing.
Read More: Vale scores multi-year nickel supply deal with Tesla
In an Instagram post after meeting Musk in Texas in April, Luhut had said he hoped for “discussions regarding the progress of Indonesia’s nickel industry development, which is high-tech, which can bring our country into the global supply chain of the electric vehicle industry.”
The Indonesian president, widely known as Jokowi, is due to travel to the United States this week for a summit of Southeast Asian leaders in Washington.
Asked about a meeting between Jokowi and Musk, Luhut said “we’re arranging where the meeting will be.”
Tesla did not immediately respond to an email seeking comment.
Indonesia is keen to develop a full domestic supply chain for nickel, especially for extracting battery chemicals, making batteries and eventually building EVs.
Southeast Asia’s biggest economy has struck multi-billion dollar deals with South Korean and Chinese companies to take advantage of its nickel resources and has been trying to woo Tesla for some time.
Brazilian miner Vale last week signed a long-term deal with Tesla to supply nickel from its Canadian operations. Vale also has nickel operations in Indonesia.
(By Bernadette Christina and Stefanno Sulaiman; Editing by Ed Davies)
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