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Malaysia Central Bank Hikes Key Rate Again as Inflation Risk Clouds Sunny Outlook

Malaysia Central Bank Hikes Key Rate Again as Inflation Risk Clouds Sunny Outlook
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Indonesia says China s CATL plans to invest $5 billion in lithium battery plant

Indonesia says China s CATL plans to invest $5 billion in lithium battery plant Selasa, 15 Desember 2020 / 14:18 WIB Anna Suci Perwitasari KONTAN.CO.ID - JAKARTA. China s Contemporary Amperex Technology (CATL) plans to invest $5 billion in a lithium battery plant in Indonesia, Indonesia s deputy minister at the coordinating ministry of maritime and investment affairs said on Tuesday. The lithium battery plant will start production in 2024, deputy minister, Septian Hario Seto, told a virtual briefing. The target is that they (CATL) will invest around $5 billion. and the first production of batteries can be done in 2024, Septian said. He said CATL has signed an agreement with Indonesian state miner PT Aneka Tambang requiring CATL to ensure 60% of nickel be processed into batteries in Indonesia.

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