ANTM – Downstream strategic plan

ANTM – Downstream strategic plan Aneka Tambang (ANTM) is committed to the downstream development of metal commodities, especially nickel. Currently, ANTM is still in the process of collaborating for a nickel mine and refinery with a consortium of affiliates Contemporary Amperex Technology (CAT) & LG partners. Currently, ANTM and CAT are building a nickel ore mine, an RKEF plant, an HPAL plant as well as a battery materials and recycling plant. Moreover, ANTM and LG are accelerating the completion of the cooperation agreement, which is targeted to be implemented in 2025. To strengthen its portfolio, ANTM continues to carry out strategic development by acquiring mines and smelters. Currently, several acquisitions are underway, such as cooperation with Tsinghan Group in the expansion of nickel smelters carried out by its subsidiary, Gag Nikel. ANTM with South Sulawesi and East Luwu BUMD also built a JV for nickel development in the Pongkeru Block, South Sulawesi. (Source : Bisnis Indonesia)