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From Peru to Laos, MIND ID starts hunt for lithium
Lithium is a key ingredient in the production of lithium-ion EV batteries that Indonesia plans to mass-produce in capturing a growing global EV market.
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Illustration of batteries (Shutterstock/Flegere)
S
tate-owned mining holding firm MIND ID is scouring the globe for lithium, the key ingredient Indonesia needs to realize its plan of mass-producing electric vehicle (EV) batteries.
MIND ID president director Orias Petrus Moedak said on Friday that the company had been in talks with potential lithium suppliers in Peru, Canada, Jordan, Laos, Australia, Morocco, Senegal and Malawi, among other countries.
“[The search] is still in its early stages. We are only going to start sending people once the COVID-19 [pandemic] is over. In the early stages, we will just use Zoom,” he said in a virtual press conference.
He added that the Foreign Ministry, through its network of ambassadors, was helping to connect MIND ID with potential suppliers.
Lithium is a key ingredient in the production of lithium-ion EV batteries, including in the nickel manganese cobalt (NMC) and nickel cobalt aluminum (NCA) variants that Indonesia plans to mass-produce in capturing a growing global EV market.
Read also: New tech jolts Indonesia’s battery dreams
To that end, MIND ID and three other state-owned enterprises launched the Indonesia Battery Corporation (IBC) in late March. The mining holding owns 25 percent of the IBC, while its subsidiary, diversified miner PT Aneka Tambang (Antam), owns another 25 percent.
