Jakarta ● Fri, September 23 2022
Indonesia Battery Corporation (IBC) is considering acquisitions of overseas mines to buttress its supply chain as global uncertainty spotlights the importance of access to raw materials.
In a hearing with House of Representatives Commission VII, which oversees technology and energy policy, an executive of state-owned mining holding company MIND ID, one of four IBC shareholders, explained that 20 percent of the raw materials needed for battery production had to be imported.
"The [options] for corporate action to purchase foreign lithium mines or other means [to secure supply] are still being discussed under the promulgation of a road map," MIND ID institutional relations director Dany Amrul Ichdan told hearing participants.
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