The text discusses Indonesia’s nickel reserves, highlighting the availability of high-grade nickel until 2035 and low-grade nickel until at least 2069. The country aims to expand its production for stainless steel and EV batteries, positioning itself as a significant player in these industries by 2040. However, oversupply concerns have led to a drop in nickel prices, prompting calls for a moratorium on new plants to preserve high-grade reserves.
Key Points:
- Indonesia’s high-grade nickel reserves will last until 2035, while low-grade nickel supply is expected to be sufficient until at least 2069.
- The country targets becoming a top producer of EV batteries and stainless steel by 2040.
- Calls have been made to impose a moratorium on new pyrometallurgy plants to preserve high-grade reserves.
- Oversupply issues have caused a 45% drop in nickel prices, affecting producers in Australia and elsewhere.
- Efforts are being made to explore new resources to increase reserves, despite challenges regarding mining locations in forest areas.
Source: https://www.mining.com/web/indonesia-nickel-reserves-enough-for-further-expansions-official-says/
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