Hyundai Motor & Adaro Minerals Indonesia have signed a Memorandum of Understanding to secure a stable aluminum supply amid the growing demand for aluminum for automobile manufacturing. This cooperation is also to establish a comprehensive cooperative system regarding the production and supply of aluminum by AMI through its subsidiary PT Kalimantan Aluminium Industry, that would be beneficial for both parties.Items of cooperation in this MoU include the production and supply of aluminum produced by KAI, Hyundai Motor’s right to purchase aluminum produced by KAI at an early stage, and then the first negotiation right to purchase low-carbon aluminum produced by KAI in the future (with undetermined offtake volume in the range of 50,000-100,000 TPA).Aluminum in Indonesia, which is rich in natural resources and energy, is considered to have future competitiveness. Indonesia’s green aluminum is classified as low-carbon aluminum using hydroelectric power generation, which is an eco-friendly power source and is expected to supply aluminum that meets HMC’s carbon neutralization policy amid the growing demand for aluminum in global automakers. In addition, supply and demand became unstable due to unpredictable situational variables which led to an increase in energy prices for aluminum production.
Hyundai Motor & Adaro Minerals Indonesia have signed a Memorandum of Understanding to secure a stable aluminum supply amid the growing demand for aluminum for automobile manufacturing. This cooperation is also to establish a comprehensive cooperative system regarding the production and supply of aluminum by AMI through its subsidiary PT Kalimantan Aluminium Industry, that would be beneficial for both parties.Items of cooperation in this MoU include the production and supply of aluminum produced by KAI, Hyundai Motor’s right to purchase aluminum produced by KAI at an early stage, and then the first negotiation right to purchase low-carbon aluminum produced by KAI in the future (with undetermined offtake volume in the range of 50,000-100,000 TPA).Aluminum in Indonesia, which is rich in natural resources and energy, is considered to have future competitiveness. Indonesia’s green aluminum is classified as low-carbon aluminum using hydroelectric power generation, which is an eco-friendly power source and is expected to supply aluminum that meets HMC’s carbon neutralization policy amid the growing demand for aluminum in global automakers. In addition, supply and demand became unstable due to unpredictable situational variables which led to an increase in energy prices for aluminum production.
