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[ Industry News of Chemical Machinery Equipment Network ] With the continuous increase in the price of upstream raw materials and the imbalance between supply and demand, in order to ensure the stability of the supply chain and reduce the cost pressure, domestic power battery manufacturers have set their sights on overseas markets including Indonesia
.
Chemical machinery and equipment network industry dynamics chemical machinery and equipment.
Another company plans to deploy battery projects in Indonesia (hereinafter referred to as "Indonesia")!
Another company plans to deploy battery projects in Indonesia (hereinafter referred to as "Indonesia")!According to foreign media reports, on April 14, a South Korean consortium headed by LG (comprising LG New Energy, LG Chem, LX International, etc.
) has signed preliminary agreements with Indonesian mining company Antam, Indonesian battery company IBC and other companies.
Promote a project worth about 9 billion US dollars (about 57.
28 billion yuan)
.
) has signed preliminary agreements with Indonesian mining company Antam, Indonesian battery company IBC and other companies.
Promote a project worth about 9 billion US dollars (about 57.
28 billion yuan)
.
LG New Energy said the project with Indonesia aims to establish an "end-to-end value chain" for electric vehicle batteries, including sourcing raw materials, producing key battery components (precursors and cathode materials, etc.
) and manufacturing power batteries
.
The company hopes that through this project, it can ensure a stable supply of battery raw materials, thereby improving the competitiveness and profitability of its battery business
.
) and manufacturing power batteries
.
The company hopes that through this project, it can ensure a stable supply of battery raw materials, thereby improving the competitiveness and profitability of its battery business
.
This is not the first time that LG New Energy has deployed in Indonesia.
As early as last July, LG New Energy and Hyundai Motor announced that the two sides will establish a battery joint venture in Indonesia
.
It is reported that the joint venture battery company is expected to be put into operation in 2024, with an initial planned annual production capacity of 10GWh, but the two companies agreed to increase the annual battery capacity of the factory to 30GWh in the future based on demand
.
As early as last July, LG New Energy and Hyundai Motor announced that the two sides will establish a battery joint venture in Indonesia
.
It is reported that the joint venture battery company is expected to be put into operation in 2024, with an initial planned annual production capacity of 10GWh, but the two companies agreed to increase the annual battery capacity of the factory to 30GWh in the future based on demand
.
The Battery Alliance noticed that another lithium battery giant CATL also recently announced an investment in Indonesia
.
Lithium battery giant CATL also recently announced its investment in Indonesia .
.
On the morning of April 15, Ningde Times announced that in order to ensure the supply of key upstream resources and raw materials, the company plans to have its holding subsidiary Prokin Times and its partners, ANTAM, a state-owned mining company in Indonesia, and IBI, an Indonesian state-owned battery production investment company, in Indonesia.
The FHT Industrial Park in East Halmahera County, North Maluku Province and other related industrial parks in Indonesia jointly invest in the construction of the power battery industry chain project.
The total investment amount that has been determined for the project so far does not exceed US$5.
968 billion or its equivalent currency
.
On April 14, Prokin Times signed the agreement with ANTAM and IBI
.
The FHT Industrial Park in East Halmahera County, North Maluku Province and other related industrial parks in Indonesia jointly invest in the construction of the power battery industry chain project.
The total investment amount that has been determined for the project so far does not exceed US$5.
968 billion or its equivalent currency
.
On April 14, Prokin Times signed the agreement with ANTAM and IBI
.
The announcement shows that the power battery industry chain project mainly builds battery industry chain projects from laterite nickel ore development, pyrometallurgy, hydrometallurgy, ternary battery materials to battery recycling and ternary battery industry integration, including a total of 6 battery industry chain projects.
sub-projects
.
Among them, the three cooperation projects with ANTAM are nickel ore development, pyrometallurgy and hydrometallurgy, and the three cooperation projects with IBI are battery recycling, battery materials and battery manufacturing
.
Except for the nickel mine development project, the remaining five projects are controlled by CATL
.
sub-projects
.
Among them, the three cooperation projects with ANTAM are nickel ore development, pyrometallurgy and hydrometallurgy, and the three cooperation projects with IBI are battery recycling, battery materials and battery manufacturing
.
Except for the nickel mine development project, the remaining five projects are controlled by CATL
.
So, what are the reasons for these two battery manufacturers to choose to invest in new projects in Indonesia? The answer is to lock the production capacity of key raw materials for power batteries, especially "nickel"
.
So, what are the reasons for these two battery manufacturers to choose to invest in new projects in Indonesia? The answer is to lock the production capacity of key raw materials for power batteries, especially "nickel" .
.
It is understood that nickel is a key battery material.
Some institutions have pointed out that by 2040, more than 30% of the global nickel resources will be used for power lithium batteries
.
Sumitomo Metal Mining predicts that global demand for nickel for batteries is expected to grow by more than 20% this year, and is expected to climb from nearly 330,000 tons in 2021 to more than 410,000 tons in 2022
.
Some institutions have pointed out that by 2040, more than 30% of the global nickel resources will be used for power lithium batteries
.
Sumitomo Metal Mining predicts that global demand for nickel for batteries is expected to grow by more than 20% this year, and is expected to climb from nearly 330,000 tons in 2021 to more than 410,000 tons in 2022
.
Indonesia is not only the country with the most abundant nickel resources in the world, but also the world's largest nickel producer
.
Statistics show that Indonesia has rich reserves of nickel resources, and its laterite nickel ore reserves account for more than 10% of the world's total.
In 2021, nickel production will account for 37% of the world's total production
.
It was previously reported that the country hopes to become the world's largest producer of lithium batteries and even electric vehicles, relying on huge reserves of nickel ore
.
.
Statistics show that Indonesia has rich reserves of nickel resources, and its laterite nickel ore reserves account for more than 10% of the world's total.
In 2021, nickel production will account for 37% of the world's total production
.
It was previously reported that the country hopes to become the world's largest producer of lithium batteries and even electric vehicles, relying on huge reserves of nickel ore
.
It is worth noting that the imbalance between supply and demand has caused a sharp rise in raw materials
.
According to reports, Shanghai nickel rose by 5% today, and the price has exceeded the 240,000 mark; it has risen for six consecutive days, with a cumulative increase of more than 18%
.
At the same time, the spot price continued to rise.
On April 18, Jinchuan Group raised the ex-factory price of electrolytic nickel by 3,000 yuan/ton.
After the adjustment, the ex-factory price of electrolytic nickel (large plate) in Shanghai was 238,000 yuan/ton.
block) ex-factory price of 238,200 yuan / ton
.
Not only nickel, but also the core materials of batteries such as lithium carbonate and cobalt also show a continuous upward trend
.
.
According to reports, Shanghai nickel rose by 5% today, and the price has exceeded the 240,000 mark; it has risen for six consecutive days, with a cumulative increase of more than 18%
.
At the same time, the spot price continued to rise.
On April 18, Jinchuan Group raised the ex-factory price of electrolytic nickel by 3,000 yuan/ton.
After the adjustment, the ex-factory price of electrolytic nickel (large plate) in Shanghai was 238,000 yuan/ton.
block) ex-factory price of 238,200 yuan / ton
.
Not only nickel, but also the core materials of batteries such as lithium carbonate and cobalt also show a continuous upward trend
.
Under the circumstance that upstream raw material prices continue to rise and supply and demand are unbalanced, in order to ensure the stability of the supply chain and reduce cost pressures, domestic power battery manufacturers have set their sights on overseas markets including Indonesia
.
.
In addition to LG New Energy and CATL, there are also many battery companies in Indonesia
.
In addition to LG New Energy and CATL, there are also many battery companies in Indonesia .
.
On December 14 last year, Dow Technology issued an announcement saying that in order to further promote the strategic layout of the new energy industry chain, Guangdong Jiana, a wholly-owned subsidiary of the company, invested and established PT.
JIANA ENERGY RESOURCES in Indonesia to engage in large-scale nickel products and ore.
trade
.
JIANA ENERGY RESOURCES in Indonesia to engage in large-scale nickel products and ore.
trade
.
On March 21 this year, Huayou Cobalt announced that the company, Volkswagen and Tsingshan Holdings had reached a strategic cooperation intention on the upstream and downstream cooperation of the power battery cathode material industry chain, and planned to jointly deploy the development of nickel and cobalt resources in Indonesia, as well as nickel-cobalt sulfuric acid.
The integrated business of power battery cathode materials such as salt refining, precursor processing and cathode material production
.
The integrated business of power battery cathode materials such as salt refining, precursor processing and cathode material production
.
GEM said on the investor interactive platform on April 2 that the company has a laterite nickel ore resource project in Indonesia
.
Through cooperation with Tsingshan, we have locked in nickel resources for the next 10 years
.
The Indonesian nickel resource project is scheduled to be put into operation in the first half of 2022 to meet the company's strategic needs for nickel resources in the development of precursor materials
.
.
Through cooperation with Tsingshan, we have locked in nickel resources for the next 10 years
.
The Indonesian nickel resource project is scheduled to be put into operation in the first half of 2022 to meet the company's strategic needs for nickel resources in the development of precursor materials
.
On April 2 this year, Zhongwei Co.
, Ltd.
stated on the investor interactive platform that the company's laterite nickel ore smelting project with an annual output of 30,000 tons of high-nickel matte nickel-containing metal (Indonesia) is in the process of stepping up preparations and promotions.
20,000 tons
.
On April 9 last year, the company announced that Zhongwei Hong Kong New Energy, a wholly-owned subsidiary of the company, and RIGQUEZA signed a joint venture agreement for a laterite nickel ore smelting project with an annual output of 30,000 tons of high-nickel matte nickel-containing metal (Indonesia), with a total investment of about 243 million.
US dollars (about 1.
6 billion yuan)
.
, Ltd.
stated on the investor interactive platform that the company's laterite nickel ore smelting project with an annual output of 30,000 tons of high-nickel matte nickel-containing metal (Indonesia) is in the process of stepping up preparations and promotions.
20,000 tons
.
On April 9 last year, the company announced that Zhongwei Hong Kong New Energy, a wholly-owned subsidiary of the company, and RIGQUEZA signed a joint venture agreement for a laterite nickel ore smelting project with an annual output of 30,000 tons of high-nickel matte nickel-containing metal (Indonesia), with a total investment of about 243 million.
US dollars (about 1.
6 billion yuan)
.
Original title: Why are Chinese and Korean power battery giants vying to deploy in Indonesia?
