Indonesia offers US critical minerals joint investment as part of tariff talks
Jakarta – Indonesia has offered the United States the chance to jointly invest in a critical minerals project as part of its tariff negotiations with Washington, its senior economic minister said on Monday
The proposal is seen as a strategic move by Indonesia to deepen bilateral economic ties with the U.S. while positioning itself as a key player in the global supply chain for essential raw materials, particularly those used in high-tech and green energy sectors such as electric vehicle (EV) batteries and renewable energy systems.
Minister Airlangga Hartarto, who serves as Indonesia’s Coordinating Minister for Economic Affairs, stated that the country’s sovereign wealth fund, Danantara Indonesia, will be actively involved in the development and execution of the proposed project. He emphasized that the partnership could be mutually beneficial, enhancing resource security for the U.S. while boosting Indonesia's economic growth and industrial capabilities.
“This initiative is part of our broader effort to create a balanced and forward-looking trade relationship with the United States,” Hartarto said. “Through collaboration in critical mineral development, we aim to support sustainable economic development and strengthen global supply chains.”
The specific details of the project, including the type of minerals involved, the scale of investment, and timeline for implementation, have yet to be disclosed.
