Nickel-EV Journal
Nickel started 2023 trading with 4.73% gain on LME to US$31,335 per ton, representing 43% gain year-on-year. This is clearly a good news for Indonesia, the world’s largest exporter of nickel. If stays at this level, the country is set to record another strong year because of anticipated higher volume from new smelters.
Infrastructure Projects Update
President Joko ‘Jokowi’ Widodo has inaugurated operation of Sadawarna Dam in Sumedang, West Java province on Tuesday (Dec 27). This is dam number 33 inaugurated by Jokowi during eight years in office. We can safely say that Jokowi is the president with most aggressive...
Telkom-Medco-Singtel heats up data center
Competition in data center business has intensified with the entry of major players. PT Telkom Indonesia (TLKM) through its subsidiary NeutraDC has entered into a strategic partnership with Singtel and energy company Medco Power for building the new data center in...
Infrastructure outlook 2023
President Joko ‘Jokowi’ Widodo has just inaugurated commercial operation of Semantok Dam in Nganjuk, East Java province this week. Built since 2017, this is one of 30 dams inaugurated by Jokowi in the past few years, making him a president with aggressive development...
Nickel-EV Race: The South Koreans
Indonesian nickel smelters might be dominated by Chinese companies, but South Korean companies have stepped up their investments here. We have seen LG Energy Solution building the country’s first EV battery, while Hyundai has also aggressively pushed for domestic growth of EV market. More will come.
Subang Industrial Parks
Minister of state-owned enterprise Erick Thohir recently said that the Pulogadung industrial area, which is currently managed by PT Jakarta Industrial Estate Pulogadung (JIEP), should be moved to Subang Regency, West Java province. According to Erick, the industrial estate should not be in the middle of the city anymore.
Astra joins nickel-EV race
Astra International (ASII), the country’s largest automotive player, has finally joined the nickel-EV race. Astra’s United Tractors (UNTR) has on December 3, 2022, through PT Danusa Tambang Nusantara (DTN), acquired 89.9% shares in nickel miner PT Stargate Pasific Resources (SPR) from PT Anugerah Surya Pacific Resources (ASPR) for US$271.83 million, equivalent to Rp4.28 trillion.
Walk the Talk: Vale’s US$8.5 billion projects
Nickel miner Vale Indonesia (INCO), together with Zhejiang Huayou Cobalt Co., Ltd, on Sunday (November 27) commemorated a groundbreaking ceremony to start the development of the Pomalaa Block project in Kolaka Regency, Southeast Sulawesi.
Xinyi heats up glass industry competition
The competition in the glass industry will likely intensify. Chinese glass player Xinyi Energy Glass has prepared US$7 billion of investment to set up a glass and solar panel factory in the Bangka Belitung quartz sand mine.
Infrastructure Journal
President Joko ‘Jokowi’ Widodo and China president Xi Jinping have on Wednesday (Nov 16) witnessed the so-called ‘dynamic trial’ of the Jakarta-Bandung high speed train (HST). Claiming construction progress of over 80%, the train is scheduled to start commercial operation in June 2023.