Fastmarkets partners with Indonesian government to showcase $618 billion critical minerals roadmap to support 2040 vision for global leadership in EV batteries, steel, & solar

Posted on May 29th, 2025 | Filed under Press Releases

LONDON, May 29, 2025 /PRNewswire/ — Fastmarkets is honored to announce that the Ministry of Investment & Downstream Industry / Investment Coordinating Board (BKPM), Republic of Indonesia, is the official supporter of the upcoming International Critical Minerals and Metals Summit Indonesia, taking place in Bali, Indonesia on September 24–26, 2025.

This strategic collaboration underscores Indonesia’s growing role in the global critical minerals supply chain and its commitment to downstream development, value-added production and sustainable investment.

Strengthening Indonesia’s position in the global energy transition
Indonesia, home to some of the world’s largest reserves of nickel, bauxite, copper and tin, has become a focal point for the global energy transition. With a bold national agenda for industrialisation and downstream value creation, the country is poised to take center stage in the development of critical mineral supply chains that support electric vehicles, battery storage and clean energy technologies.

Investment in minerals, metals, and equipment has surged 152% since 2020, with downstream investment up 8.63% in 2024. Ranked #no 1 in nickel, #no 2 in tin, and #no 6 in bauxite, Indonesia’s roadmap for 28 strategic commodities targets $618 billion in investment by 2040 – $498.4 billion from critical minerals.

By 2040, the country aims to generate $857.9 billion in exports, contribute $235.9 billion to GDP, and create 3 million jobs. It also targets top global rankings in EV batteries, stainless steel, solar panels, and copper cables, alongside full self-sufficiency in construction steel and 100% fulfilment of domestic REM oxide demand.

The International Critical Minerals and Metals Summit Indonesia, organised by Fastmarkets, will provide a high-level platform to:

Showcase Indonesia’s downstream ambitions and global investment opportunities
Engage policymakers, investors and industry leaders in strategic discussions
Address supply chain resilience, ESG standards and regulatory frameworks
Highlight price and trade dynamics shaping global critical minerals markets

In its second edition, this summit will gather global stakeholders from across the value chain – from miners and processors to OEMs, governments and investors – for three days of data-led market insights, bilateral meetings and investment-focused dialogue.

Raju Daswani, CEO of Fastmarkets, said: “Indonesia plays a pivotal role in the future of the global energy transition. We are honored to have the official support of the Ministry of Investment & Downstream Industry for our International Critical Minerals and Metals Summit Indonesia. Fastmarkets is committed to creating an environment where policy, investment and pricing come together to shape the future of responsible supply chains and industrial growth.

“As the organisers of the world’s largest lithium event and other leading critical minerals and metals forums, we are proud to continue to bring our global expertise to Indonesia.

“I want to thank Minister Roeslani for his passion and commitment to the development of this industry and for developing a visionary roadmap for the future. We look forward to working closely with him and his team over the coming months.”

Minister Roeslani, Minister of Investment and Downstream Industry / Chairman of Indonesia Investment Coordinating Board, Republic of Indonesia, responsible for leading Indonesia’s downstream industrialisation strategy, and the CEO of Daya Anagata Nusantara Investment Management Agency (Danantara) stated: “Indonesia welcomes international collaboration that supports our national downstreaming strategy and strengthens our position in critical mineral supply chains.

“We are pleased to support Fastmarkets in bringing this global forum to Bali, Indonesia and look forward to working with international investors and stakeholders to ensure sustainable, inclusive and transformative growth.”

Event Details:
Event: International Critical Minerals and Metals Summit Indonesia
Date: September 24–26, 2025
Location: Intercontinental Jimbaran Resort, Bali, Indonesia

For more information, visit Fastmarkets.

Email [email protected] to connect with the team and find out how Fastmarkets can help you.

ABOUT FASTMARKETS

Fastmarkets is an industry-leading PRA and information provider for the agriculture, forest products, metals, carbon and energy transition commodities’ markets. Fastmarkets serves its customers with commodity benchmark prices and assessments, forecasts, analytics, insights, news and events. Its data is critical for customers seeking to understand and predict dynamic, sometimes opaque markets, enabling trading and risk management.

Fastmarkets is a global business with a history dating from 1865 and is built on trust and deep market expertise. It has more than 650 employees spread across several global locations including the UK, US, China, Singapore, Brazil, Bulgaria, Belgium, Ukraine and Finland.

Fastmarkets is a privately held UK-registered company owned by its shareholders and Astorg, a European private equity firm.

ABOUT MINISTRY OF INVESTMENT AND DOWNSTREAM INDUSTRY, REPUBLIC OF INDONESIA

The Ministry of Investment and Downstream Industry (Kementerian Investasi dan Hilirisasi), also known as the Indonesia Investment Coordinating Board (BKPM), is the central agency responsible for coordinating investment policies and promoting both domestic and foreign investments in Indonesia. Established as an independent ministry in April 2021, it evolved from the former BKPM to align with the vision of accelerating industrialization and economic transformation through downstream development.

A key initiative of the Ministry is the Strategic Investment Downstream Roadmap, which outlines plans to process 28 strategic commodities across eight sectors, including minerals, oil and gas, coal, plantations, forestry, fisheries, and marine industries. The Ministry’s efforts are geared towards transforming Indonesia from a raw material exporter into a global manufacturing hub, particularly in the electric vehicle (EV) battery supply chain.

For more information, you can visit the official website of the Ministry of Investment and Downstream Industry: https://www.bkpm.go.id/changelang/en.

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