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Chinese firms control about 75% of Indonesia's nickel refining capacity, raising concern over supply chain control and environmental risks, Washington-based global security nonprofit C4ADS has ...
Chinese companies are in talks with potential investors to reduce their stakes in Indonesian nickel smelters amid efforts to make their products eligible for U.S. electric vehicle tax credits, an ...
South Korea–based POSCO Holdings, Chinese firm Ningbo Richin, and BASF are among the companies pledging to invest more in Indonesian nickel production. Most analysts expect Indonesia to continue ...
A smelting furnace exploded Sunday at a Chinese-owned nickel plant on Indonesia's Sulawesi island, killing at least 13 workers and injuring dozens of others, police and a company official said.
Indonesia is the largest nickel producer in the world, with around 1.6 million tonnes of nickel produced in 2022, up from 1.04 million tonnes in 2021. In comparison, total global production of nickel in 2022 was around 3.3 million tonnes. [11]
The Indonesia Morowali Industrial Park (IMIP) is an industrial park hosting primarily nickel-related industries in Morowali Regency, Central Sulawesi, Indonesia. It is the largest nickel processing site in Indonesia, which is the world's top nickel producer. [1] In 2023, Wired magazine called it "the world's epicenter for nickel production."
The result is clear: The value of Indonesia’s nickel exports has exploded from $1.06 billion in 2014 to almost $6 billion in 2022, according to United Nations data.
Construction of the industrial park began in April 2018, with mining operations commencing in October 2019 and metallurgical production in April 2020. [ 1 ] As of 2020, four nickel ferroalloy production lines are active in the industrial park, with undergoing development of a cobalt-nickel refining complex. [ 1 ]