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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 Sorowako mine is a large open pit lateritic nickel mine in the east of Indonesia in the Verbeek Mountains of Sulawesi (the Celebes). [2] It lies just south of Lake Matano . As of 2023, Sorowako is one of the largest nickel mines in the world [ 3 ] with proven and probable nickel reserves of 107 million tonnes of ore grading 1.70% nickel ...
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.
By December 2024, the total investment was claimed to have reached USD 34.3 billion. [10] The park's estimated total capacity for stainless steel production was 3 million metric tonnes per year in 2020. [11] In 2019, IMIP had plans to develop electric vehicle battery plants. [12] It generated USD 6.6 billion in exports for Indonesia in 2019. [7]
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 ...
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This is a list of countries by nickel production in 2022, based on data by the United States Geological Survey (USGS). [1] Countries ... Indonesia: 1,600,000 2
Nickel is a product that is used in making stainless steel or batteries, and the government wanted to sell more value-added nickel products instead of just exporting raw nickel.