![]() The two countries are home to the world’s largest nickel reserves, which stand at 21 million metric tons respectively, according to the 2023 US Geological Survey report. Indonesia and Australia are rich in minerals that are key to EV battery production. "Working with Indonesia, an important trading partner and our closest neighbor, to explore partnerships, share information, knowledge and strategies and facilitate business links will fuel our mutual economic growth and green ambitions," Cook said. "We are committed to growing the state's participation in global battery and critical mineral supply chains, with a view to further developing our value-adding and manufacturing industries,” Western Australian Premier Roger Cook was quoted as saying on the government’s official website. In 2021, all of the country’s lithium production came from Western Australia. It is also a major exporter of nickel, cobalt, manganese, and rare earths. Western Australia accounts for half of the world’s lithium production. Both sides will have high-level meetings to put this plan into action. Under this action plan, the close neighbors will work on supporting strong environmental and social governance outcomes, while also growing a skilled workforce. ![]() The agreement is also expected to pave the way for Australian businesses to invest in Indonesia’s mining sector and vice versa.Īccording to the Western Australian government, the 2023-2025 Plan of Action encompasses three pillars of cooperation, among others, the development of a resilient and sustainable supply chain.
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