Indonesia is planning a cartel for nickel, cobalt and manganese

Indonesia has abundant nickel reserves. According to BKPM’s data, Indonesia has 30% of the world’s nickel reserves of 21 million ton.
The Indonesian government is planning to establishment a cartel for nickel, cobalt and manganese key battery metals needed to make electric cars.
Indonesia investment Minister Bahlil Lahadalia said; “Jakarta was looking at mechanisms similar to those used by Opec, the group of 13 oil-producing nations, that could be employed in the supply of metals that are central to the energy transition”.

“I do see the merit of creating Opec to manage the governance of oil trade to ensure predictability for potential investors and consumers,” he said in an interview. “Indonesia is studying the possibility to form a similar governance structure with regard to the minerals we have, including nickel, cobalt and manganese.” Mr. Lahadalia said

Nickel is the gold of the future : Tesla has been working on a high nickel cathode battery that has zero cobalt content. By using nickel Tesla can get a 15 per cent reduction in the cost of its battery cathodes on a US dollar per kilowatt hour basis.

Tesla CEO Elon Musk says, “Tesla doesn’t have enough cells to put new products like Semi truck into production. Tesla battery needs 50kg of nickel, to power 2 billion cars with new batterie 100 million tons of nickel is needed”.
Mr: Musk said “The main reason we have not accelerated new products like the Tesla Semi is that we simply don’t have enough cells built. We could easily go into the production of the Semi, but we don’t have enough cells for it right now.”

“There is enough lithium in the US to convert the entire US fleet to electric, all the 300 million cars in the US, using only lithium discovered in the US,” said Musk.
Musk said that “Tesla will reach production of 20 million vehicles per year before 2030”.
The global electric automobile market share is increasing and is forecast to continue to grow rapidly in the coming years. Some predictions suggest they will make up more than 90% of vehicles by 2050, most of which will be powered by nickel-containing Li-ion batteries and magnesium batteries.
Using nickel in car batteries offers greater energy density and storage at lower cost, delivering a longer range for vehicles, currently one of the restraints to EV uptake.
Batteries for storage: New nickel-containing battery technology is also playing a role in energy storage systems linked to renewable energy sources. Wind turbines or solar panels generate electricity when the wind or sun is available; modern battery technology allows this energy to be stored for use as and when required.

Albanian Minerals CEO Sahit Muja said, “The world’s epic shift into green electric transportation has spurred an outstanding surge in demand for battery metals including nickel, lithium, cobalt, manganese, magnesium and other elements all essential for producing electric vehicles and batteries, harnessing solar power and wind energy”.

“Albanian Minerals and are partners is applying, adapting and developing new technologies addressing mining industry requirements to deliver on the global climate ambition.The work include to accelerate the innovation in the mining sector aim to develop new and more sustainable and intelligent extraction of mineral resources through the deployment of technologies such as electrification of ground and underground mobility, remote controlling, automation or autonomous processes with a particular focus on green mining” Sahit Muja said