Indonesia’s Electric Vehicle Commodities
Indonesia has extensive plans to leverage its commodity deposits to develop a thriving electric vehicle industry within the country. The nation has a basket of valuable minerals which are being viewed with enthusiasm in light of the growing international demand for electric vehicles. Not only will this demand facilitate new industries within Indonesia, but it will also strengthen Indonesia’s existing commodities supply chains. As international markets for electric vehicles expand there are significant new opportunities to capitalise on within Indonesia’s mining sector.
“The lithium is two percent of the cell mass [in our batteries]. So it’s like salt in the salad; it’s a very small amount of the cell mass and a fairly small amount of the cost. But it sounds like it’s big because it’s called ‘lithium ion’, but really, our battery should be called ‘nickel graphite’, because it’s mostly nickel and graphite.” — Elon Musk
Photo courtesy of Marcus Frieze.
Source: Reuters (link opens in a new window)
- Energy, Environment