TREE NEWS update: Indonesian President Prabowo Subianto on the 8th inaugurated 11 Chinese-funded mining downstream projects at the Weda Bay Industrial Park in Central Halmahera, North Maluku. The projects carry a combined investment of about $10.2 billion and cover power batteries, nickel-cobalt materials, electrolytic aluminum, and new-energy construction machinery and commercial vehicle manufacturing.
Indonesia President Launches 11 Chinese-Funded Mining Downstream Projects
This is a notable signal that Indonesia's nickel-led downstreaming strategy is deepening rather than stalling, and that Chinese capital remains central to it despite global scrutiny of supply chains. The scope — batteries, nickel-cobalt materials, electrolytic aluminum and even new-energy vehicles — pushes beyond raw ore processing toward midstream and manufacturing, which matters for anyone tracking RWA-linked industrial assets or critical-minerals exposure. The open question is whether this cluster translates into actual output and export capacity, and how it sits with Western efforts to diversify away from Chinese-controlled processing.
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