Indonesia s surprise plan to roll out a nickel ore export ban two years early could scare foreign investors away from Southeast Asia s biggest economy analysts say as it cements a reputation for policy flip flops
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Get PriceIndonesia is the world s largest producer of nickel primary nickel pig iron and ferronickel with an annual output of about 800 000 MT Nickel pig iron has a nickel content of less than 5% Indonesian NPI is said to have a nickel content of up to 2% depending on the source Nickel pig iron to become nickel matte
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Get PriceMarket analyst Wood Mackenzie believes the move has serious implications for nickel supply particularly in China but also Indonesia The nickel price rose last week from US$15 779 per tonne on August 27 to $18 004 on August 30 a fresh five year high and was at $17 515/t overnight
Get PriceThe WTO panel upheld all EU claims against Indonesia First of all it found that Indonesia s export ban and domestic processing requirement on nickel ore which is used in the production of stainless steel are inconsistent with the WTO s prohibition of export prohibitions and restrictions contained in Article XI 1 of the GATT 1994
Get PriceIndonesia is the world s largest producer of nickel the second largest producer of tin the third largest producer of coal the fifth largest producer of bauxite used to make aluminum and an important producer of copper and gold In 2024 Indonesia s nominal GDP was $ trillion ranking 16 th in the world after Mexico according to the IMF
Get PriceTotal nickel metal resources at that time were stated as Mt in Mt of ore The statement from the ESDM on 2 September suggests current known resources to be 2800 Mt
Get PriceThe 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 $ billion on
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Get PriceAs part of that plan Indonesia banned the export of nickel ore in January 2024 and the government has pledged to the gradually stop exporting other raw materials too I think we can reap many
Get PriceIndonesia aims at attracting investments in smelters and processing plants and thereby adding value to its nickel reserves compared to simply exporting the nickel ore Over the last years the country has developed a fully integrated steel supply chain and now wants to become a battery production hub
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Get PriceThe national proven reserve for nickel is only 698 million tons which can only supply smelting facilities for years he told reporters adding that Indonesia currently has 11
Get PriceIn 2024 after the ban announcement it is estimated that Indonesia s primary nickel production such as NPI refined nickel and ferronickel increased by 30% to 376 000 tonnes and first half primary nickel production increased by 50% to 264 000 tonnes
Get PriceECONOMIC COMPLEXITY of Indonesia Rnk 64 / 127 2024 PRODUCT COMPLEXITY IN Nickel Ore Rnk 957 / 1029 image credits Latest Trends Historical Data Exports In 2024 Indonesia exported $203M in Nickel Ore making it the 5th largest exporter of Nickel Ore in the world At the same year Nickel Ore was the 153rd most exported product
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Get PriceIndonesia is building a lithium refinery and an anode material production facility to complement its nickel based battery materials industry an official said as it aims to set itself up as a hub for making electric vehicles EVs Investors are currently building a lithium hydroxide plant with 60 000 tonnes capacity in the heart of the nickel industry in Morowali Septian Hario Seto a
Get PriceAntara • 19 November 2024 16 19 Jakarta Indonesia attended a session held by the dispute settlement panel of the World Trade Organization WTO as a follow up to the European Union s lawsuit against the country s nickel ore export ban The WTO panel led by Leora Bloomberg invited the disputing parties and a third party to hold a virtual
Get PriceNorman Harsono Indonesian President Joko Widodo vowed to challenge any World Trade Organization s ruling against the country s ban on nickel ore exports and to push ahead with his mineral
Get PriceJAKARTA Indonesia aims to issue around late next month a regulation governing selling prices of nickel ore a Ministry of Energy and Mineral Resources official said on Friday following complaints by miners The rules are aimed at preventing local smelting companies from buying ore at price level that are too low
Get PriceThe national proven reserve for nickel is only 698 million tons which can only supply smelting facilities for years he told reporters adding that Indonesia currently has 11 working smelters with input capacity of 24 million tons of ore It has 25 more smelting facilities in the pipeline
Get PriceUp to Jan 12 of this year what was astonishing about Indonesia s exports of nickel ore was not just the increase in their size over the previous five years but also the fact that the
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Get PriceIn a protracted nickel row that saw Brussels filing a challenge at the World Trade Organization court back in 2024 against Indonesia s export restrictions on nickel ore exports the panel found
Get PriceGlobal nickel ore production will fall by % y o y in 2024 as a result of the introduction of a nickel ore export ban in Indonesia despite rising production growth in competitor
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