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Indonesia curbing nickel supply to support locals, Eramet says

• Monday, November 25, 2024
• Source:ferro-alloys.com

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• Keywords:nickel, ore, steel

[Ferro-Alloys.com] 

 

Indonesia curbing nickel supply to support locals, Eramet says

 

Indonesia is squeezing supplies of nickel ore to protect smaller local miners as the market for the battery metal endures a prolonged slump, according to Eramet SA.

 

The government curbs were meant to protect local miners from the global slump in prices, but also led to a shift in production to higher-grade ores used to make stainless steel. That reduced local supply of battery-grade nickel ore, forcing local smelters — which are key to Indonesia’s ambitions to become a major player in electric vehicles — to turn to more expensive imports.

 

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