Danantara, INA Partner French Miner Eramet to Boost Investments in Nickel Sector

Indonesia’s sovereign wealth funds, Danantara Indonesia and the Indonesia Investment Authority (INA), have teamed up with French mining giant Eramet to create a new investment platform to invest in the country’s nickel sector, according to a statement on Wednesday.

 

The initiative aims to strengthen Indonesia’s position in the global electric vehicle (EV) battery supply chain by building a sustainable and integrated raw materials ecosystem. Under the agreement, Danantara and INA will manage long-term financing, while Eramet will contribute its technical expertise in mining and downstream operations. 

‍

CEO of INA Ridha Wirakusumah described the deal as a “strategic milestone” for Indonesia’s mineral and downstream sectors. “This partnership combines global mining expertise with innovative financing to strengthen Indonesia’s critical minerals supply chain,” said Wirakusumah. “It highlights our commitment to building a value-added domestic industry and attracting high-quality foreign investment.”