High Aluminum Demand to Spur Bauxite Downstreaming

The government has been pushing for the downstreaming of several metallic minerals, including bauxite, in order to position Indonesia as a strategic player in the global electric vehicle (EV) industry.

Lili Sunardi & Rayful Mudassir

21 Mar 2024 - 14.25
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High Aluminum Demand to Spur Bauxite Downstreaming

The downstreaming of bauxite has been stagnant due to sluggish construction of smelters following the ban on raw commodities exports since 2023. Photo Bisnis

Bisnis, JAKARTA — The significant demand for aluminum, as highlighted by the government, is set to be a tailwind for bauxite miners.

As aluminum demand has thus far has been predominantly met through imported products, increasing the installed capacity of smelters has become a priority to increase the added value of bauxite.

The government has been pushing for the downstreaming of several metallic minerals, including bauxite, in order to position Indonesia as a strategic player in the global electric vehicle (EV) industry.

President Joko Widodo, while reviewing the Smelter Grade Alumina Refinery (SGAR) project in Mempawah, unveiled that the government has been taking steps to domestically produce raw materials for EVs by utilizing the nation’s natural resources. Consequently, the domestic EV industry's processes are expected to be more efficient and competitive compared to other countries.

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High Aluminum Demand to Spur Bauxite Downstreaming

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