SYDNEY – Indonesian President Joko Widodo said strategic cooperation with Australia on electric vehicle batteries was a priority after talks on Tuesday with Australian Prime Minister Anthony Albanese that focused on the green economy and regional security.in Indonesia, which has the world’s largest nickel reserves. The EV industry uses the metal extensively.
Indonesia’s Chamber of Commerce and Industry signed an “action plan” with the state of Western Australia on critical mineral supply chain and worker skills, Indonesia’s Ministry of Economic Affairs said.Meanwhile, Mr Albanese announced an A$50 million initiative to attract private climate finance to Indonesia and said Export Finance Australia would establish a A$200 million capital financing facility with Perusahaan Listrik Negara to support Indonesia’s energy transition.
Indonesia is Australia’s 13th-largest trading partner, with two-way trade between the nations worth A$23.3 billion in 2022.Indonesia puts nickel export levy on hold to devise a price index first