ANTM – Following up netiations with CATL and LGES

Aneka Tambang (ANTM) netiation with Contemporary Amperex Technology (CATL) and LG Energy Solution (LGES) is regarding the realization of the electric vehicle battery project. This is a follow-up to the signing of ANTM's framework agreement with CATL through its subsidiaries, Ningbo Contemporary Brunp Lygend (NCBL) and LGES. ANTM targets the finalization of cooperation with these partners by the end of 2022. Currently, ANTM is still in the process of calculating nickel resources which will be the subject of cooperation with the two partners. In the calculation of those resources, there are some resources that are converted into reserves so ANTM does not want to rush into reaching approval. These resources will be invested as much as 49% of the resources into these strategic partners. (Source : Investor Daily)