Inspenet, September 24, 2023.
Indonesia and Argentina: future alliance?
The Indonesian Chamber of Commerce and Industry (Kadin) has expressed interest in exploring the possibility of collaborating with Argentina in the manufacturing of lithium batteries for electric vehicles.
In this context, Sinta W. Kamdani, Deputy Coordinator of Maritime Affairs, Investment and External Relations of Kadin, has pointed out that The country sees in Argentina, Chile and Peru a valuable opportunity for association due to its vast deposits of mineral resources, which are essential for the production of batteries used in electric vehicles.
“This means that Indonesia can import minerals from those 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 a press conference at the Indonesia-Latin America Business Forum. and the Caribbean (INA-LAC) in Jakarta.
This initiative would reportedly have a positive impact on Indonesia, strengthening its position as a major global electric vehicle manufacturer and reducing the burden on its critical mineral reserves. In addition, it would bring benefits to Latin America by attracting investments and the opportunity to integrate the region into a value production chain in collaboration with Indonesia Battery Corporation (IBC), a company created to promote the industrial development and manufacturing of batteries intended for electric vehicles .
For his part, Umar Hadi, general director for America and Europe of the Indonesian Ministry of Foreign Affairs, highlighted: “These countries are rich in mineral resources, such as lithium and copper, which are abundant there, so it is increasingly “It is important for us to cooperate with the regions of Latin America and the Caribbean to guarantee supply chains.”