PT Merdeka Battery Materials Tbk

Ticker

IDX:MBMA

Price (Q3 2025)

424

Market Cap

Rp 90T

Headquarters

Jakarta, Indonesia

Key East Indonesian Operations

South Sulawesi

Industry/Sector

Mining & Renewables

Company Profile

PT Merdeka Battery Materials Tbk is a fast-growing Indonesian mining and energy company that focuses on nickel production and downstream processing for electric vehicle (EV) batteries. Established as part of the Merdeka Copper Gold group, MBMA has positioned itself as one of the leading players in Indonesia’s strategic plan to dominate the global EV supply chain.

The company’s core operations are based in Sulawesi and other parts of Eastern Indonesia, where vast nickel reserves are located. MBMA is actively developing smelters and industrial parks for processing nickel into battery-grade materials, working in collaboration with domestic and international partners. This makes MBMA not only a resource producer but also a value-added processor, supporting Indonesia’s downstream industrialization.

Sustainability and Governance

• Strong ESG positioning: Focus on supporting the global transition to renewable energy through EV batteries.

• Engages in sustainable mining practices, including land rehabilitation and waste management.

• Partnerships with international technology and energy firms ensure high governance standards.

• Actively working toward carbon reduction goals through cleaner smelting technologies.

Operations and Impacts in East Indonesia

• Nickel mining and smelting projects in Sulawesi drive industrial growth in Eastern Indonesia.

• Significant employment opportunities in mining, processing, and industrial park operations.

• Catalyzes infrastructure development, including power plants, ports, and logistics networks.

• Plays a crucial role in positioning Sulawesi as a global hub for EV battery production, boosting Indonesia’s international competitiveness.

News and Updates