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Eramet, Danantara agree to explore nickel supply chain projects
The deal is part of Macron’s broader push to strengthen economic ties with Indonesia and was marked by the signing of 26 bilateral agreements across energy, investment and food security, with total commitments valued at US$11 billion.
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Newly appointed CEO of Eramet S.A. mining company Paulo Castellari (L) shakes hands with state-asset fund Danantara CEO and Investment and Downstreaming Minister Rosan Roeslani after signing an agreement at Merdeka Palace in Jakarta on May 28, 2025. (AFP/Ludovic Marin)
Sub: Deal is part of $11b RI, France agreement reached during Macron visit
State asset fund Danantara Indonesia and wealth fund Indonesia Investment Authority (INA) have signed a memorandum of understanding (MoU) with French mining giant Eramet to explore investments in the nickel supply chain, including to support the electric vehicle industry.
The agreement, witnessed by President Prabowo Subianto and his French counterpart President Emmanuel Macron at the State Palace in Jakarta on Wednesday, will assess nickel projects from upstream mining to downstream processing.
The partnership aims to develop an integrated EV battery raw material ecosystem in Indonesia, the world’s largest nickel producer and holder of the biggest known reserves.
“With a focus on downstream processing, energy transition and critical minerals, our priorities align closely with Danantara’s vision,” said Eramet CEO Paulo Castellari, as quoted in a statement.
“We’re ready to contribute through our expertise in sustainable mining and long-term commitment to strategic industry development.”
Read also: Eramet keen to work with Danantara on downstream investment: Minister
