Indonesia continues to progress in moving up the global value chain by building downstream  
mineral industries. It has begun to accrue huge export returns from domestic mineral processing  
products, particularly nickel. It intends to branch out to higher-technology manufacturing by  
seeking technology transfers and acquiring talent from more advanced economies. By investing  
heavily in the electric vehicle (EV) industry and its constituent sectors in the battery production  
chain, the government plans to bring Indonesia out of the middle-income trap.