Advertisement Leaping up from his chair, Rachmat Kaimuddin begins to sketch out on a whiteboard the various stages of the complex supply chain for electric vehicles (EVs). From his office in the Coordinating Ministry of Maritime Affairs and Investment, Indonesia’s point man for its EV industrial policy lays out a vision of nickel ore flowing … Read more
Pacific Money | Economy | Southeast Asia As with similar recent restrictions in Indonesia, the goal is to stimulate the development of a domestic processing industry. Advertisement Malaysia plans to ban exports of rare earth raw materials in a bid to boost domestic processing of the valuable elements, Prime Minister Anwar Ibrahim said yesterday, echoing a recent string of … Read more
Advertisement The Indonesian government announced earlier this month that it expects Tesla to make a sizeable investment in the archipelago’s electric vehicle (EV) industry “within months,” a major coup for President Joko “Jokowi” Widodo as he nears the end of his second and final term in office. Although the scope of the deal is unclear, … Read more
Advertisement Recently, the International Monetary Fund (IMF) revived the debate over Indonesia’s decision to ban nickel ore exports. The IMF recommended that Indonesia further analyze the costs and benefits of the ban, and suggested that it consider cancelling the export restrictions and not extending the restrictions to other commodities. The nickel export ban, first mooted … Read more