Luhut said that Indonesia had changed in the past seven years following the development across the country.
He highlighted the downstream industry for nickel that focuses on stainless steel, a component for lithium battery manufacture. He assured that Indonesia has a very large stock of nickel ore with a total upstream production capacity of up to 12 million tons per year. “The downstream industry has changed the structure of the Indonesian economy, reducing its reliance on raw commodities,” he said.
(Writer: Ade Miranti Karunia | Editor: Akhdi Martin Pratama)
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