ANTAM, IBC, and Huayou Partner to Strengthen Nickel Downstreaming and Build Indonesia’s Integrated Battery Ecosystem
Fri 30 Jan 2026, 06:29 AM
Share
Indonesia is steadily cementing its position as a leading player in the global battery industry. PT Aneka Tambang Tbk (ANTAM), PT Industri Baterai Indonesia (Indonesia Battery Corporation/IBC), together with global strategic partner Zhejiang Huayou Cobalt Co., Ltd., have formally reaffirmed a joint commitment to accelerate the development of an integrated battery ecosystem in the country.
The commitment is realized through the signing of a Framework Agreement (FA) as an initial framework to speed up the Nickel Downstreaming Program and investment in a nationally integrated battery ecosystem.
This strategic collaboration involves HYD Investment Limited, a consortium formed by Zhejiang Huayou Cobalt Co., Ltd. and EVE Energy Co., Ltd., as well as PT Daaz Bara Lestari Tbk. The goal is clear: to build an end-to-end integrated battery supply chain—from nickel resource management, processing and refining, all the way to battery production domestically.
IBC President Director Aditya Farhan Arif emphasized that this cooperation is a major milestone in realizing Indonesia’s position as a key player in the global integrated battery industry.
“IBC was established to ensure Indonesia is not merely a supplier of raw materials, but also a competitive and sustainable hub for an integrated battery industry. This collaboration reflects the strong commitment of all stakeholders to build a high value-added national industrial ecosystem,” said Aditya.
Upstream, ANTAM underscored its role as a provider of strategic raw materials managed responsibly and sustainably. ANTAM President Director Untung Budiharto stated that this cooperation aligns with ANTAM’s mandate to strengthen the national mineral downstreaming agenda.
“For ANTAM, this collaboration is part of a strategic transformation to ensure Indonesia’s mineral resources deliver maximum added value at home. Through synergy with IBC and global partners such as Huayou, we are committed to supporting the development of a sustainable, competitive, and nationally strategic integrated battery ecosystem,” Untung asserted in a press release received by ruangenergi.com.
Meanwhile, Zhejiang Huayou Cobalt Co., Ltd. President Director Chen Xuehua sees Indonesia as strategically positioned within the global battery supply chain, both in terms of resource availability and industrialization policy vision.
“Huayou views Indonesia as a long-term strategic partner in developing the global battery industry. Through this collaboration, we are committed to bringing technology, industrial experience, and global sustainability practices to support the development of an integrated battery ecosystem in Indonesia,” said the Huayou Chairman.
As the entity mandated by the government to develop the national battery industry, IBC serves as a bridge and orchestrator of synergy between domestic industry and global partners, including on technology and project management aspects. This collaboration also opens substantial opportunities for technology transfer and the upskilling of Indonesia’s human capital.
The integrated battery ecosystem plan includes the construction of battery facilities that will be further detailed through a feasibility study. The project is targeted to have a capacity of up to 20 GWh, with an investment value of USD 5–6 billion.
Going forward, the project is projected to create thousands of jobs, strengthen the national industrial structure, and contribute significantly to Indonesia’s economic growth and energy transition agenda.
This Framework Agreement serves as the foundation for preparing a joint feasibility study and definitive agreements that will be implemented in stages. ANTAM, IBC, and Huayou reaffirm their commitment to ensure all stages of project development are carried out under principles of good governance, sustainability, and alignment with Indonesia’s strategic interests.
Advertisement
