Indonesian government actively investing in nickel smelters
Time:Tue, 04 Jan 2022 10:15:35 +0800
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According to the article, the Indonesian Ministry of Industry stated that the government has invested approximately US$15.7 billion in nickel smelters, while the industry downstream project has become the latest economic strategy in the domestic market.
The Minister of Industry stated that the added value from nickel ore to ferronickel products has increased by 14 times, even increased 19 times when it becomes stainless steel billet.
Some market participants indicated that Gunbuster Nickel Industry (GNI) is an industrial smelter with an annual production of ferronickel roughly 1.8 million tons. Furthermore, the existence of this nickel smelter is the government took on a commitment to this industry.
