Indonesia says China's CATL plans to invest $5 billion in lithium battery plant
JAKARTA (Reuters) - China’s Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in Indonesia, Indonesia’s deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday.
The lithium battery plant will start production in 2024, deputy minister, Septian Hario Seto, told a virtual briefing.
“The target is that they (CATL) will invest around $5 billion... and the first production of batteries can be done in 2024,” Septian said.
Here is waht happened with SQM, the 2nd bigest lithium producer.
SQM signs 8-year deal with LG Energy Solution
https://www.reuters.com/article/us-indonesia-nickel-china/indonesia-says-chinas-catl-plans-to-invest-5-billion-in-lithium-battery-plant-idUSKBN28P0MK
https://www.mining.com/web/sqm-announces-8-year-deal-with-lg-energy-solution/
I have been hope we will have a last NR for 2020!
tiger