Paydirt's Battery Mineral Conference - 21 and 22 March 2023
Perth, Australia - Closing the first quarter of 2023, from the 19th to the 24th of March, the Indonesian Investment Promotion Centre (IIPC) Sydney along with KBRI Canberra with the support of KJRI Perth attended the Paydirt’s Battery Minerals Conference (BMC) on Perth hosted at the Pan Pacific Hotel. This event is crucial in promoting investment opportunities in Indonesia that is related to the current Indonesian government’s objective in transitioning towards a green economy where electric vehicles (EV) would be the first step in reducing greenhouse gas emission in the country and propelling the motor industry in Indonesia towards adopting electric battery-based vehicles in the future.
In addition, Mr. Saribua Siahaan, the esteemed Director of Investment Promotion for Southeast Asia, Australia, NZ, & Pacific, captivated audiences as a distinguished speaker during the third session of the prestigious conference's opening day. During the conference, Mr. Siahaa presented investment opportunities in Indonesia's burgeoning downstream mineral-based industry, which has taken center stage in the nation's development agenda. The Indonesian government's unwavering focus on this sector underscores its commitment to harnessing the immense potential of natural resources and driving economic growth sustainably. One of the pivotal points of Mr. Siahaan's address revolved around Indonesia's ambitious plans to spearhead the Electric Vehicle (EV) revolution in the region. Emphasizing the country's commitment to green technology and sustainable mobility, the Indonesian government has set an impressive target to produce 1 million electric cars and 12 million electric motorcycles by 2025.
During the event, IIPC Sydney joined the exhibition to promote investment opportunities located in Indonesia that relate to the down streaming efforts of raw mining materials into commodities with added value. Smelters and refineries throughout Indonesia became the target of interest for investment by attendees as many expressed interests in the nickel and aluminum smelters and refineries throughout Indonesia.
One-on-one investor meetings are also held during the event between potential investors and the Indonesian delegation that are present during the event. The meetings are vital in discussing investment incentives offered by Indonesia to potential investors towards the mining sector especially in the propagation of Lithium minerals to accelerate Indonesia’s adoption of electric vehicles into its transport ecosystem. Lithium is an important component for the batteries of electric vehicles and the Australian supply of Lithium would be necessary to accelerate the transformation initiative and strengthening economic ties between Indonesia and Australia.