Indonesian official says current nickel price will benefit miners, smelters – ET Auto
Baua Electric
FEBRUARY 29, 2024
Most investment in nickel processing in Indonesia is for nickel pig iron (NPI), the main feedstock for stainless steel, but the government wants to develop local production of batteries and EVs. The contract had surged in 2022 to a record high above USD 100,000 after expectations of reduced supplies from major producer Russia.
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