In nickel, the global dispersion index fell to 41.8 in May from 43.3 in April despite gains in China. A measure of 50 points indicates that smelters are operating at the average level of the past 12 months.

South Sulawesi Ministry of Finance (Kemenkeu) Representative Head Supendi said that South Sulawesi’s nickel exports to Japan as of April 2023 had reached US$486.7 (US) out of the total exports of US$815 million.

The government has started to revoke the tax holiday for new Rotary Kiln-Electric Furnace (RKEF) nickel smelters under the consideration that high grade nickel ore processing plants are sufficient and do not need to get tax holiday facilities.

Value of battery metals in newly-sold EVs tripled on rampant lithium, nickel prices 

Indonesia is courting Tesla Inc to invest in the country, which has become a key player in the electric vehicle industrythanks to its rich nickel reserves.

Production resumes at Indonesian nickel smelter after deadly clash

US carmaker Tesla has signed contracts worth about $5-billion to buy materials for their batteries from nickel processing companies in Indonesia, a senior cabinet minister told CNBC Indonesia.

TSX-V-listed Canada Nickel Company has more than doubled the measured and indicated mineral resources of its Crawford nickel sulphide project, in Ontario, to 1.43-billion tonnes grading 0.24% nickel.