Pure Battery Technologies to Invest $350M to develop cathode materials

Pure Battery Technologies (PBT), an Australian company specializing in battery materials, has committed to investing US$350 million in the Batang Industrial Park, located in Central Java, Indonesia. This strategic investment is focused on the development of critical cathode materials for Indonesia’s growing battery industry.

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The announcement came during a recent meeting in Sydney, where Minister for Investment and Downstreaming, Rosan Roeslani, accompanied President Prabowo Subianto on a state visit to Australia. The meeting was attended by top executives from key Australian companies including PBT Chairman Stephen Wilmot.

Rosan did not give further details.

Editing by Alexander Ginting