in June 2023 and plans to continue with other minerals including copper.
Mr Jodi Mahardi, spokesman for the Coordinating Minister for Maritime Affairs and Investment, told The Straits Times before the US trip that Indonesia does not intend to unilaterally monopolise all down-streaming processes. South Korea’s LG Chem is investing billions of dollars in EV supply chains in the Batang Industrial Park in Central Java.
“The IRA obviously affected our plan. We have to scrap some of the lines of production we had planned to build in Indonesia and ship to the US,” an EV investor told ST on condition of anonymity.
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