"We want to focus on the downstream sector, like transforming coal into DME (dimethyl ether) and Methanol, and nickel into the battery. This will add value to the commodities by at least 70 percent," said Bahlil Lahadalia, head of the country's Investment Coordinating Board (BKPM) said at the virtual inauguration of the G20 Trade, Investment, and Industry Working Group on Tuesday.
According to Lahadalia, who is also the Minister of Investment, Indonesia is currently accelerating its mining and mineral-based downstream sectors to boost competitiveness and products with added values.
Indonesia has an electric vehicle factory, using its high mineral resources. Located in Karawang district, West Java province, the factory has started construction since September 2021, he said.
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