Govt Pushes for US Investment in Critical Minerals

Mineral commodities used in EV batteries have become critical in this era of energy transition. As these minerals become the “new oil”, Indonesia urges the US and other advanced nations to opt in.

Lili Sunardi

9 Jul 2024 - 17.10
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Govt Pushes for US Investment in Critical Minerals

Ilustration minerals

Bisnis, JAKARTA — Indonesia is urging major powers such as United States to invest in the country’s mineral industry, citing risks to the supply chain.

Critical minerals has come the “new oil” in amid energy transition push due to the vital part they play in electric vehicle (EV) battery manufacturing. With the transportation sector being the main contributor to carbon emissions, the development of EVs are thus crucial to cutting down emissions.

Deputy Foreign Minister Pahala Mansury urged developed countries to be more aware of the shifting geoeconomic landscape so they can readily adjust priorities as the world transitions to renewable energy.

Pahala claims Indonesia is a neutral player in the competition between the US and China, remarking that as the world's largest nickel producer, Indonesia is simply looking for the best deals regarding critical minerals.

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© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.