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suppliers of nickel crusher in indonesia

indonesia on track to dominate the supply of nickel to make batteries

indonesia on track to dominate the supply of nickel to make batteries

Indonesia is on track to become the worlds nickel capital with new projects potentially lifting the countrys share of the important stainless steel and battery metal ingredient to a whopping 60% of global output later this decade.

Much of the planned investment is linked to Chinese companies keen to cement their grip on stainless steel production and to meet fast growing demand for batteries which require a range of new-energy metals such as nickel, lithium, cobalt and copper.

The pace of growth in the Indonesia nickel sector can best be measured by an investment bank forecast that the country could lift its share of worldwide nickel production from 28% to 60% inside the next eight years.

The latest proposed development, from PT Huayou Nickel Cobalt (Indonesia), is for a project at Weda Bay in the Halmahera district of North Maluku which plans to invest $2.08 billion on a project producing 120,000 tons of nickel a year, plus 15,000 tons of cobalt.

Our database of Indonesia high-pressure, acid-leach (nickel) projects for batteries now contains eight announced projects with a combined capacity of almost 450,000 tons a year of nickel and 50,000 tons of cobalt, Macquarie said.

By 2028, we are projecting Indonesian (nickel) production to exceed total 2020 world production of 2.5 million tons and for Indonesia production to rise from 28% of world production to almost 60%, Macquarie said.

For the Indonesia Government the rising tide of processed and partly processed nickel is a significant victory which has resulted from forcing mining companies to stop exporting raw ore ore and invest in value-added processing.

The first crackdown on ore exports in 2014 was relaxed in 2017 and reintroduced last year in a process which has worked by forcing investment which has dramatically expanded the value of Indonesias nickel exports.

The bank said the pace at which new capacity is being built is staggering. Its latest analysis points to installed capacity reaching 1.788 million tons of nickel a year by the end of this year compared with total production last year of 600,000 tons of metal.

I studied geology in the 1960s and worked for a small mining company before getting a start in journalism during the 1969 nickel boom. Since then I've covered repeated booms and busts in the commodities sector for a passing parade of newspapers, magazines and website. I am also a regular contributor to radio and television news services in Australia.

I studied geology in the 1960s and worked for a small mining company before getting a start in journalism during the 1969 nickel boom. Since then I've covered repeated booms and busts in the commodities sector for a passing parade of newspapers, magazines and website. I am also a regular contributor to radio and television news services in Australia.

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