Carbon Fiber Global Market Report 2022: Increased Investments for Development of Low-Cost Coal-Based Carbon Fibers Presents Opportunities


Indonesia’s Bakrie Group seeks nickel mine, partners up for $9 billion EV project

Indonesian conglomerate Bakrie & Brothers is looking to acquire a nickel mine in the resource-rich island of Sulawesi to supply a planned integrated industrial park to produce electric vehicle batteries, an executive said on Friday. Also known as the Bakrie Group, which has interests in coal mining, media and property, the conglomerate launched a consortium last month with Chinese energy firm Envision and global commodity giant Glencore to explore investment into an industrial park for the global nickel supply chain. The company’s chief executive Anindya Bakrie told a forum on the sidelines of the World Economic Forum in Davos this week the planned 2,000-hectare (nearly 5,000 acres) park will need $9 billion worth of investments for everything from nickel smelting to manufacturing batteries.