The global nickel market had a surplus of 20,500 metric tons in April, compared with a deficit of 2,600 tons in the same month last year, data from the International Nickel Study Group (INSG) showed on June 21.

Nickel Industries enters into $943 million deal with Danusa Tambang Nusantara

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